Which of the Following Is Correct with Regard to Treasury

question 41

Multiple Choice

Which of the following is correct with regard to treasury shares?

• A) The 1980 amendments to the MBCA eliminated the concept of treasury shares.
• B) The acquisition of such shares by the corporation is a distribution to shareholders with an effect similar to that of a dividend.
• C) Under the Revised Act, treasury shares are unauthorized but issued.
• D) Treasury shares are issued and outstanding.

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