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:

Question

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When a corporation buys back its own shares, those shares are referred to as treasury shares. They are considered issued but not outstanding, meaning they don't have voting rights or pay dividends.

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