Stock that was reacquired by the company 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 stock that has been reacquired by the issuing corporation and is still held by the company. This stock is not considered outstanding, and the company may choose to retire the stock or sell it back to the public at a later time.

Stock That Was Reacquired by the Company and Is Still