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

Question

Quizplus · Accepted Answer

Treasury stock is the stock that was reacquired and is still held by the issuing corporation. The corporation may reissue the treasury stock or retire it. The other choices are incorrect: 
A) Capital stock refers to the total amount of stock issued by a corporation.
C) Redeemed stock is stock that has been bought back by the corporation at a fixed price.
D) Preferred stock is a type of stock that has preferential rights over common stock.
E) Callable stock is stock that can be redeemed by the corporation at a fixed price.

Stock That Was Reacquired and Is Still Held by the Issuing