Asked by Kayli Cooper on Jul 05, 2024
Verified
Treasury stock is issued but not outstanding.
Treasury Stock
Shares that were once issued and outstanding but were subsequently reacquired by the issuing company and are held in the company’s treasury.
Outstanding
Something that is exceptionally good or remaining unpaid or unresolved.
- Digest the directives pertaining to the distribution of stocks, handling of treasury stock, and the liberties of stockholders.
Verified Answer
DM
Daniel MendezJul 07, 2024
Final Answer :
True
Explanation :
Treasury stock refers to shares that were issued and subsequently reacquired by the issuing corporation, thus they are not considered outstanding shares and do not have voting rights or pay dividends.
Learning Objectives
- Digest the directives pertaining to the distribution of stocks, handling of treasury stock, and the liberties of stockholders.
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