Which of the Following Is Incorrect with Regard to Treasury

question 40

Multiple Choice

Which of the following is incorrect with regard to treasury shares?

• A) No dividends may be paid on treasury shares.
• B) They are issued but not outstanding.
• C) A corporation may sell treasury shares for any amount the board of directors determines,even if the shares have a par value that is more than the sale price.
• D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.

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Definitions:

Single Mother

A woman raising her child or children without the presence or support of the other parent in the home.

Landlord

An individual or entity that owns and rents out real estate, such as apartments or houses, to tenants under agreed-upon terms.

Indirect Discrimination

Refers to a rule, policy, practice, or requirement that applies to everyone, but has the effect of creating disadvantage for people with a protected characteristic.

Direct Discrimination

Unequal treatment of individuals based explicitly on their characteristics, such as race, gender, or disability, in a way that is openly unfavorable or prejudiced.