Treasury stock !!!

[Bread & Butter]

When a company sells back its treasury stock to either SET or Public, and the company realizes a loss. (Price of treasury stock > price of selling back)

I'd like to know where a loss is booked: in INCOME STATEMENT or in BALANCE SHEET STATEMENT under share premium item.

Thanks in advance for your valued answer.

[adi]

ผมว่า balance sheet

[Bread & Butter]

I have consulted my broker(Finance & Accounting Dept) and they confirmed that
Gain or Loss from selling back Treasury stocks will be booked in INCOME STATEMENT for the period that treasury stocks is sold.

Anyone could confirm the above?..... Please give your opinion.

Thanks a lot

[adi]

ผมว่าไม่น่าใช่ น่าจะอยู่ใน paid-up capital for treasury stock (balance sheet) มากกว่า

ช่วยเช็คกับฝ่ายบัญชีของคุณอีกทีนึง

[nana]

Differences between the acquisiton costs and the resale proceeds of treasury stock must never be reported as expenses, losses, revenues, or gains in the income statement. Why? A corporation's own capital stock is part of its capital structure. It is not an asset of the corporation. A company cannot make profits or losses by buying or selling its own common stock.

Introduction to Financial Accounting 8th edition, Horngren.

น่าจะตัด Treasury Stock account ออก แล้ว ลดหรือเพิ่ม additional paid in ใน SH Equity ขึ้นอยูู่กับว่าราคาขายคืนสูงหรือต่ำกว่าราคาที่ซื้อคืน