U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification   Accounting Standards, ASC

U.S. GAAP Codification of Accounting Standards
Codification Topic 505-30: Treasury Stock


U.S. GAAP Codification Updates
Principles of Accounting Intermediate Accounting Advanced Accounting
Accounting Terms


Codification Topic 505-30
Treasury Stock


Treasury Stock
Entity's own outstanding shares
--> repurchased by the entity

Presentation of treasury stock
Cost of treasury stock is not reported as an asset
Cost of treasury stock is reported as a deduction from "equity"

Gain or loss on sale of treasury stock

1. Gain is credited to "additional paid-in capital"

2. Loss is first charged to "previous gain" from sale of treasury stock of same class
--> The remaining loss is charged to "retained earnings"





   Codification Topic 505
   Equity
 
Subtopics of Codification Topic 505
 
   505-10 Overall
   505-20 Stock dividends and stock splits
   505-30 Treasury stock
   505-50 Equity-based payments to non-employees
   505-60 Spinoffs and reverse spinoffs
 
Accounting Terms of Codification Topic 505-10
 
   Participation rights
   Preferred stock
   Security   
 
Accounting Terms of Codification Topic 505-20
 
   Stock dividend
   Stock split   
 
Accounting Terms of Codification Topic 505-30
    

 
Accounting Terms of Codification Topic 505-50
 
   Counterparty performance conditions
   Employee
   Fair value
   Market conditions
   Reload feature and reload option
   Share-based payment transactions
   Terms of a share-based payment award   
 
Accounting Terms of Codification Topic 505-60
 
   Asset group
   Business
   Claim
   Component of an entity
   Operating segment
   Reporting unit
   Reverse spinoff
   Spinoff   
 
 


   Other Topics at the Codification 500 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 505: Equity
 
   Topic 505 is the only topic at the 500 level.
 


   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

U.S. GAAP by Topic
Accounting Topics








Copyright © CPAClass.comTM  All Rights Reserved.