Does treasury share represent?

Question

Quizplus · Accepted Answer

Treasury shares represent previously outstanding shares that have been repurchased by the issuing company. These shares may be held by the company for future resell, retired, or used for other purposes. Option A is incorrect as the United States Treasury Department is a government agency and not a publicly traded company. Option B is incorrect as current assets are assets that are expected to be used up within one year. Option C is incorrect as authorized shares are the maximum number of shares a company is allowed to issue, not shares that have never been issued.

Does Treasury Share Represent