Stock that was reacquired and is still held by the issuing corporation is called:
A) Capital stock.
B) Treasury stock.
C) Preferred stock.
D) Redeemed stock.
E) Callable stock.

Question

Quizplus · Accepted Answer

Stock that is reacquired and still held by the issuing corporation is called Treasury stock. Capital stock refers to the original shares issued by a company, preferred stock has specific rights and privileges, redeemed stock is stock that has been repurchased by the company from shareholders, and callable stock can be redeemed by the issuing corporation at a predetermined price or date.

Stock That Was Reacquired and Is Still Held by the Issuing