HJ Corporation Has Excess Cash and Has Opted to Buy

question 54

Multiple Choice

HJ Corporation has excess cash and has opted to buy some of its shares of outstanding common stock.What is this process of buying called?

• A)stock dividend
• B)stock split
• C)stock repurchase
• D)stock recap
• E)stock repeal

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Definitions:

Problem-solving Ability

The capacity to find solutions for difficult or complex issues.

Literacy

The ability to read and write at a level adequate for communication or comprehension.

Economic Growth

The increase in the amount of goods and services produced by an economy over a period of time.

Declining Savings

A situation where the amount of money saved by individuals or entities decreases over time.