did pepsico reissue any treasury stock during 2021? if so, record the summary entry to record treasury stock reissued by pepsico during fiscal 2001. if not, what would the journal entry look like (e.g., make an example journal entry with no numbers) and where would you find each piece of information?

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13-09-2022
Business

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did pepsico reissue any treasury stock during 2021? if so, record the summary entry to record treasury stock reissued by pepsico during fiscal 2001. if not, what would the journal entry look like (e.g., make an example journal entry with no numbers) and where would you find each piece of information?

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Tutorconsortium315 Tutorconsortium315 · Answer 1 · 2022-09-16T01:12:28-04:00

If treasury shares are reissued, Cash is debited for the amount received and Treasury Stock is credited for the cost of the shares. Any difference may be debited or credited to Paid-in Capital in Excess of Par.

What is treasury stock?

Stock that has been purchased back by the issuing company is known as a treasury stock or reacquired stock. This action lowers the number of outstanding shares on the open market.

The term "treasury stock," also known as "treasury shares" or "reacquired stock," describes previously issued stock that the issuing company has acquired from stockholders.

The overall number of shares that are traded publicly decreases as a result. As a contra-equity item, Treasury Stock is used.

In its place, it is deducted from stockholders' equity and not recorded as an asset. The difference between the number of shares issued and the number of shares outstanding will be due to the existence of treasury shares.

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