Multiple Choice
MegaCorp purchased 10,000 shares of its own stock that had previously been owned by private investors.The stock MegaCorp repurchased is called
A) authorized and unissued.
B) authorized and issued.
C) treasury stock.
D) repurchased stock.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Sara decided to incorporate her business under
Q9: A business corporation can be incorporated under
Q12: Incorporators are required to sign the charter,deliver
Q16: When a company dissolves,preferred stockholders typically have
Q22: Hank owns 100 shares of cumulative preferred
Q24: A corporation is not allowed to issue
Q25: Fashions,Inc.has 12 shareholders.The company is subject to
Q29: Fashions,Inc.has 12 shareholders.There is no shareholder agreement
Q33: In incorporating E-prise,the promoter gave an incorrect
Q44: Terminating a corporation is a three-step process: