Treasury Stock Can Be Defined as

question 43

Multiple Choice

Treasury stock can be defined as

• A)unissued stock, that is shares that have never been sold by the corporation.
• B)designated stock, that is shares used for the specific purpose of converting preferred stock to common stock.
• C)investment stock, that is shares acquired from a subsidiary company.
• D)reacquired stock, that is outstanding shares purchased on the open market by the issuing corporation.
• E)reacquired stock, that is outstanding shares purchased on the open market by the Treasury.