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Each quarter, the treasurer company abc, a publicly-traded common company, reviews possible investment opportunities and, only then, will they determine how much of its own stock to repurchase.

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Each quarter, the Treasurer Company ABC, a publicly-traded common company, reviews possible investment opportunities and, only then, will they determine how much of its own stock to repurchase.
Discuss the question below in the assignment.
How is the re-purchased stock accounted for differently than common and preferred stock?
The paper must be at least 300 words long and be in APA 7 format with two peer-reviewed scholarly sources aside from the textbook.
Note: Do not use non-scholarly articles.
Textbook Used
Wild, J. & Shaw, K. (2022). Financial accounting fundamentals (8th ed.). McGraw Hill. ISBN: 1260728854, with McGraw Hill Connect.

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