Companies buy their own stock sometimes to because it may be used for employee incentive programs, and future merger with other companies. Companies usually record it on the balance sheet and company statements showing its debits and credits wit the amount of the balance and each transaction. Usually a stock is called a "Common Stock" which is bought back by the issuing company. This may also be called a treasury stock because when it is bought back it serves as an investment for that company by the end of the day.
Jul 23rd, 2014
Did you know? You can earn $20 for every friend you invite to Studypool!