Stock which has been issued and subsequently reacquired by the issuing corporation is called
A) letter stock.
B) treasury stock.
C) classified stock.
D) book stock.

Question

Quizplus · Accepted Answer

Treasury stock refers to shares that were issued and then repurchased by the issuing corporation. These shares are held by the company, reducing the amount of stock on the market.

Stock Which Has Been Issued and Subsequently Reacquired by the Issuing