HJ Corporation has excess cash and has opted to buy some of its outstanding shares. What is this process of buying called?

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The process of buying outstanding shares by a company is called a stock repurchase or share buyback. It is a strategy used by companies to decrease the number of outstanding shares in the market, which can increase the value of the remaining shares. This is different from a stock dividend, which is when a company distributes additional shares of stock to its shareholders. A stock split and a reverse stock split involve adjusting the number of outstanding shares by increasing or decreasing them, respectively. A stock repeal is not a term commonly used in finance.

HJ Corporation Has Excess Cash and Has Opted to Buy