What is one reasonable reason k-mart purchase treasury stock


Problem

K-Mart incorporated in 2005.

The following accounts are taken from the December 31, 2006 Balance Sheet.

a) What is one reasonable reason K-Mart might purchase Treasury Stock?
b) What is K-Mart's total capital stock as of December 31, 2006?

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Financial Accounting: What is one reasonable reason k-mart purchase treasury stock
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