Asked by Angel Castillo on Jun 10, 2024
Verified
Treasury stock shares are
A) shares held by the U.S. Treasury Department
B) part of the total outstanding shares but not part of the total issued shares of a corporation
C) unissued shares that are held by the treasurer of the corporation
D) issued shares that have been reacquired by a corporation
Outstanding Shares
The total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.
- Acquire knowledge on the economic effects and bookkeeping practices related to stock splits and operations involving treasury stocks.
- Know how treasury stock transactions are recorded and their impact on financial statements.
Verified Answer
RD
rasbeer dhillonJun 15, 2024
Final Answer :
D
Explanation :
Treasury stock shares are issued shares that have been bought back by the corporation and are no longer considered outstanding.
Learning Objectives
- Acquire knowledge on the economic effects and bookkeeping practices related to stock splits and operations involving treasury stocks.
- Know how treasury stock transactions are recorded and their impact on financial statements.
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