accounting discussion post

Important Note:

Your discussion post should be a minimum of 10 sentences to earn full credit.  If you struggle to find content for your initial discussion post, try incorporating other parts of the chapter or other reading material.  There is a lot of material discussed in the chapter that can be related to your post.  Discussion posts will be graded on content and length.  To earn full credit, be sure to address the topic and meet the minimum length requirement.

What type of account is treasury stock? What is its normal balance? Where is it reported in the financial statements? What are some reasons companies repurchase their own shares? What is the most common reason? In your opinion is it effective? What is the effect on total equity when a company repurchases its own shares?