Treasury stock represents:
A. Shares of ownership in the United States Treasury Department.
B. A current asset.
C. Authorized shares that have never been issued.
D. Previously outstanding shares that have been repurchased by the issuing company.
Answer:D
Treasury stock represents:
A. Shares of ownership in the United States Treasury Department. B. A current asset. C. Authorized shares that have never been issued. D. Previously outstanding shares that have been repurchased by the issuing company.