Stock that has been sold and then repurchased by the issuing corporation is called ________ stock.
A)authorized
B)issued
C)outstanding
D)treasury

Question

Quizplus · Accepted Answer

Treasury stock is stock that has been sold and then repurchased by the issuing corporation. A is incorrect because authorized stock refers to the maximum number of shares a corporation is allowed to issue, not stock that has been repurchased. B is incorrect because issued stock is any stock that has been sold by the corporation, not just repurchased stock. C is incorrect because outstanding stock is the total number of shares that have been sold and are currently held by shareholders, not just the repurchased stock.

Stock That Has Been Sold and Then Repurchased by the Issuing