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General Accounting Discussions: shares repurchased

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    • CommentAuthorlee
    • CommentTimeApr 15th 2008
     
    may i know what is the meaning of share repurchased and retire immediately????
    The question sounds:
    The company repurchased the shares at 31december 2007, 200,000 units of common shares @ 1 at $2.36 per share....
    After the information above,the question stated : the company repurchases share repurchased and retire immediately......thanks for helping.......
    • CommentAuthorkathy
    • CommentTimeApr 18th 2008
     
    I would also like to know how to enter retired shares on balance sheet (Not treasury stock)

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