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Describe the accounting and reporting for re-acquisition of shares

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Accounting

Describe the accounting and reporting for re-acquisition ofshares

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Accounting for reacquisition of sharesAny gains or losses go through capital andor retained earningsrather than income if reacquire for less than the original cost allocate thereacquisition cost as followsi first to share capital in an amount equal to par stated orassigned value of the    See Answer
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