If Repurchased Shares Are Neither Canceled nor Restored to Unissued

question 39

Multiple Choice

If repurchased shares are neither canceled nor restored to unissued status, they are called _____ shares.

• A) preferred
• B) treasury
• C) golden
• D) outstanding

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Definitions:

Appeals Courts

Courts that review and make decisions on cases that have been previously decided in lower courts, focusing primarily on the application of the law.

Appeals Courts

These are higher courts that review the decisions of lower courts to ensure the law was correctly applied and to address any errors. They do not re-evaluate the factual evidence.

Error Evidence

The presentation or use of incorrect information or data, often inadvertently, in arguments, research, or legal proceedings.

Lower Court

Courts that have the jurisdiction to hear and decide on cases first, before they can be appealed to higher courts.