Treasury Stock Shares Are Shares of Stock That Are

question 63

Multiple Choice

Treasury stock shares are shares of stock that are:

• A)Authorized and outstanding.
• B)Authorized but not issued.
• C)Authorized,issued,and outstanding.
• D)Authorized and issued,but not outstanding.

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Definitions:

Agency by Estoppel

A legal doctrine where a person is prevented by their own actions from denying they are an agent for someone else, leading others to rely on that representation.

Liable

Being legally responsible for something, especially in terms of owing money or being subject to legal action for wrongdoing.

Associate

A person typically involved in a professional firm or organization with a certain level of membership or status, but not a full partner.

Certified Public Accountant

A professional who has met the educational and licensing requirements of a state and is qualified to perform accounting services, including audits.