Stock that a corporation purchases from shareholders is called:
A) treasury stock.
B) authorized stock.
C) issued stock.
D) outstanding stock.

Name: Stock that a corporation purchases from shareholders is called: A) treasury stock. B) authorized stock. C) issued stock. D) outstanding stock.
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Question

Quizplus · Accepted Answer

Stock that a corporation purchases from shareholders is called treasury stock. This stock is no longer considered outstanding and does not have voting rights or receive dividends.

Stock That a Corporation Purchases from Shareholders Is Called