Yukon Corporation purchases 1,000 shares of its own stock from Jones at a price of $50 a share. These shares, which are now issued but not outstanding, are known as:

Name: Yukon Corporation purchases 1,000 shares of its own stock from Jones at a price of $50 a share. These shares, which are now issued but not outstanding, are known as:
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Question

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Treasury shares are shares that were once part of the outstanding shares and have been repurchased by the company. They are issued but not outstanding.

Yukon Corporation Purchases 1,000 Shares of Its Own Stock from Jones