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:

Right Lung

The larger of the two lungs, located on the right side of the thorax, divided into three lobes and responsible for respiratory function.

Lower Respiratory System

The part of the respiratory system including the trachea, bronchi, and lungs, involved in the vital process of gas exchange.

Epiglottis

A flap of cartilage located at the entrance of the larynx, which closes during swallowing to prevent food and liquid from entering the airway.

Hemispheres

Two halves of the brain, each responsible for different functions and controls opposite sides of the body.