MegaCorp Purchased 10,000 Shares of Its Own Stock That Had

question 27

Multiple Choice

MegaCorp purchased 10,000 shares of its own stock that had previously been owned by private investors.The stock MegaCorp repurchased is called

• A)authorized and unissued.
• B)authorized and issued.
• C)treasury stock.
• D)repurchased stock.

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Definitions:

Internal Audience

Refers to the group within an organization or company, such as employees or members, who are the target for messages or information.

Quality-Control Measures

Processes and procedures implemented to ensure that a product or service meets defined standards of quality.

RFP

Request for Proposal; a document that a company posts to elicit bids from potential vendors for a project.

Warehouse Addition

An expansion or extension to an existing warehouse facility to increase storage capacity or functionality.