If repurchased shares are neither canceled nor restored to unissued status, they are called _____ shares.

Question

Quizplus · Accepted Answer

Repurchased shares that are neither canceled nor restored to unissued status are known as treasury shares. Treasury shares do not have voting rights or receive dividends and can be reissued or retired in the future. Neither preferred, golden, nor outstanding are correct terms for this situation.

If Repurchased Shares Are Neither Canceled nor Restored to Unissued