A company may reacquire its own shares for all of the following reasons except to
A) enhance market value.
B) reduce market value.
C) increase basic earnings per share.
D) have additional shares available for use.

Question

Quizplus · Accepted Answer

A company typically does not reacquire its own shares to reduce market value; rather, it may do so to enhance market value, increase earnings per share, or have shares available for other purposes.

A Company May Reacquire Its Own Shares for All of the Following