Treasury stock is:
A) unissued shares of a corporation's own stock
B) shares of a corporation's stock which have been issued and subsequently repurchased by the corporation
C) shares of a corporation's stock held by the board of directors
D) ownership rights in other companies held by the corporation for investment purposes

Question

Quizplus · Accepted Answer

Treasury stock refers to shares that were once a part of the outstanding shares of a corporation but were later repurchased by the corporation itself. These shares are held in the company's treasury and can be reissued or retired.

Treasury Stock Is