Yukon Corporation Purchases 1,000 Shares of Its Own Stock from Jones

question 68

Multiple Choice

Yukon Corporation purchases 1,000 shares of its own stock from Jones at a price of $50 a share. These shares, which are now issued but not outstanding, are known as:

• A) treasury shares.
• B) preemptive shares.
• C) preferred stock.
• D) no par stock.

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Definitions:

Dendrites

Branch-like extensions of neurons that are involved in receiving signals from other neurons.

Neurons

Specialized cells in the nervous system that transmit information by electrical and chemical signaling.

Reflexes

Unlearned, organized involuntary responses that occur automatically in the presence of certain stimuli.

Neonate

A newborn baby, especially in the first few weeks of life.