The text states that the cost method is normally used to record the purchase and...
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Accounting
The text states that the cost method is normally used to record the purchase and resale of treasury stock. This means a purchase of treasury stock by a corporation is recorded as a debit to treasury stock of
the purchase price.
par value.
either the purchase price or par value, depending on the circumstances surrounding the purchase.
paid-in capital in excess of par.
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