Under the MBCA,which of the Following Is Correct Concerning Shares

question 18

Multiple Choice

Under the MBCA,which of the following is correct concerning shares repurchased by the corporation?

• A)They are no longer issued or outstanding,which means that they may be resold only for par value or more.
• B)They may either be restored to unissued status or held as treasury shares,which means they may be sold at any price.
• C)They may be canceled,in which case they are no longer authorized and cannot be reissued.
• D)They are issued but not outstanding,which means they may be resold at any price.

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Definitions:

Acceptance Letter

A written document that acknowledges the receipt of something, often used to formally accept a job offer.

Corresponding

Communicating in writing or through electronic means with someone to convey information or to maintain a connection.

Refusal Message

A communication that informs the recipient of the sender's decision to decline, reject, or say no to a proposal, request, or offer.

STAR Technique

A method used in interviews comprising Situation, Task, Action, and Result to effectively articulate experiences and skills.