{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/505/30/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"505","topic_title":"Equity","subtopic":"505-30","subtopic_title":"Treasury Stock","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"505-30-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic addresses the accounting and reporting for an entity's repurchase of its own outstanding common stock as well as the subsequent constructive or actual retirement of those shares.</div></div>","snippet":"This Subtopic addresses the accounting and reporting for an entity's repurchase of its own outstanding common stock as well as the subsequent constructive or actual retirement of those shares.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0585c993fe6d42584620a30099981adf2ae33f8561b08d1d2cb4d46fc95d322","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}},{"citation":"505-30-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">Entities may repurchase their own outstanding common stock for a variety of different purposes. Repurchased common stock is often referred to as treasury stock or treasury shares.</div></div>","snippet":"Entities may repurchase their own outstanding common stock for a variety of different purposes. Repurchased common stock is often referred to as treasury stock or treasury shares.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5b4b89334c06421b744bc852453a10a70d853d4a7177215e979aca3605186538","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}},{"citation":"505-30-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">When entities repurchase their own common stock, laws applicable to those entities may affect the treatment and accounting for repurchased shares of stock. Entities sometimes pay more or less for the repurchased shares than either their <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> or their original issue price.</div></div>","snippet":"When entities repurchase their own common stock, laws applicable to those entities may affect the treatment and accounting for repurchased shares of stock. Entities sometimes pay more or less for the repurchased shares t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d698b3cde9d0692ffeb6e31deefd20a93ff4830ef330c7b6b72aa8ad593ac88e","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f5042be8e79de19158ddbe84707f6988c08a3d2b134af659c9331e1ea448872f","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:feefe0eaf407dda481d5946f9685f63bbb588921233896e64474348ea70f9183","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:feefe0eaf407dda481d5946f9685f63bbb588921233896e64474348ea70f9183","downloaded_from":"2026-09-10T00:38:04.417Z","last_downloaded_at":"2026-09-10T00:38:04.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481226","source_sha256":"138f4b16ccb60c55f0b23f525966c46ddf22abf04ed6011d2cdf29b2176538e3"}}