Treasury stock refers to the ________.
A) sale of stock at a price greater than the par value
B) stock issued by the US government
C) repurchase of outstanding stock
D) authorization of additional shares of stock by the board of directors

Question

Quizplus · Accepted Answer

Treasury stock refers to the repurchase of outstanding stock by the issuing company, which is then held as an asset on the company's balance sheet. It is not related to the sale of stock at a premium, government-issued securities, or the authorization of additional shares by the board of directors.

Treasury Stock Refers to the ________