Which of the following statement(s)is/are true?
A)Closely held corporations are owned by only a few shareholders - often family members.
B)Most closely held corporations require shareholders interested in selling their stock to offer it first to the corporation. This is known as the right of first refusal.
C)Shares of stock the corporation itself owns are called treasury stock.
D)All of the above

Question

Quizplus · Accepted Answer

All of the given statements are true. Closely held corporations have limited shareholders, often family members. The practice of requiring shareholders to offer their stocks to the corporation first is called the right of first refusal. The shares held by the corporation are referred to as treasury stock.

Which of the Following Statement(s)is/are True