A Corporation's Own Shares That Have Been Reacquired by the Corporation

question 39

Short Answer

A corporation's own shares that have been reacquired by the corporation but not canceled are called ___________________.

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Definitions:

Future Value

Future value is the value of a current asset or amount of money at a specified future date, based on an expected rate of growth or return.

Annually Deposits

Regularly scheduled payments made into an account or investment every year.

Initial Deposit

The first sum of money placed in an account to begin banking activities or to open a new account.

Compounded Annually

The calculation of interest on the initial principal, which also includes all of the accumulated interest from previous periods on a loan or deposit.