Shares that were reacquired and are still held by the issuing corporation are called:
A) Capital shares.
B) Treasury shares.
C) Redeemed shares.
D) Preference shares.
E) Callable shares.

Question

Quizplus · Accepted Answer

Shares that are reacquired by the issuing corporation and are still held by the corporation are called treasury shares. These shares are not considered outstanding and do not have voting rights or receive dividends. They can also be reissued at a later date or retired to reduce the number of outstanding shares.

Shares That Were Reacquired and Are Still Held by the Issuing