Cresson Publishing is authorized to issue 2,000,000 shares of common stock. Cresson sold 800,000 shares and later bought back 1,500 of those shares. How many shares of Cresson's common stock are held in the treasury?

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Quizplus · Accepted Answer

The treasury shares are the shares that a company has bought back from its shareholders. In this case, Cresson bought back 1,500 shares, making these the treasury shares.

Cresson Publishing Is Authorized to Issue 2,000,000 Shares of Common