Select the Best Answer from the List Below to Complete

question 66

Short Answer

Select the best answer from the list below to complete statements that follow.
$$\begin{array} { l l l } \text { Authorized shares } & \text { treasury stock } & \text { book value per share } \\\text { issued shares } & \text { stock dividend } & \text { par value per share } \\\text { outstanding shares } & \text { additional paid-in-capital } & \text { market value per share } \\\text { stock split } & \text { dividend payout ratio } & \text { retained earnings }\end{array}$$
-Stock issued by the firm,but then repurchased and not retired,is __________.

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Definitions:

Federal Franchise Rule

A regulation established by the Federal Trade Commission that requires franchisors to provide full disclosure of material facts to prospective franchisees.

Contract Law

The body of law that governs agreements, obligations, and remedies between parties.

State Law

Legislation enacted by individual states that governs within the state's boundaries, as opposed to federal law which governs at the national level.

Franchise Relationships

Legal and commercial bonds formed between a franchisor and franchisee, where the franchisor licenses its trade name and operations model to the franchisee.