Examlex
Which of the following is a public assistance or welfare program as opposed to a social insurance program?
Treasury Stock
Shares that were issued and subsequently reacquired by the company, reducing shareholders' equity.
No-par Common Stock
Shares of common stock issued without a specified face value or par value, where the entire amount paid for the shares is considered legal capital.
Par Preferred Stock
A class of preferred shares issued at a designated face value, often affecting aspects of dividend payments and company equity structure.
Cash
Liquid funds available for use in the form of currency or bank balances.
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