Treasury Stock Is

question 65

Multiple Choice

Treasury stock is

• A)shares owned by the directors of a company.
• B)shares owned by the management of a company.
• C)shares that are not yet sold but could be sold at any time by a company.
• D)previously issued shares of a company that are now held by the company.
• E)shares of a company held in reserve to eventually retire the debt of the company.

---

Definitions:

House of Burgesses

The first legislative assembly of elected representatives in North America, established by the Virginia Company in 1619, playing a significant role in American colonial government.

Stamp Act Resolves

A series of resolutions passed in 1765 by the American colonies protesting the British Stamp Act, which imposed direct taxation without representation.

Independence

The condition of a nation, country, or state which exercises self-government, and usually sovereignty, over the territory.

Public Rituals

Public rituals are ceremonial acts or events conducted in public spaces, often for cultural, religious, or social purposes, involving community participation.