Question

Shares of its own stock acquired by a corporation for the purpose of being reissued at a later date?

Option 1: Reserve Stock
Option 2: Preferred Stock
Option 3: Treasury Stock
Option 4: Common Stock

Answer 1

Treasury stock is the correct option. Treasury stock refers to shares of a company's own stock that have been acquired by the corporation and held in its treasury for reissuance at a later date.

Step-by-step explanation:

Treasury Stock is the correct option. Treasury stock refers to shares of a company's own stock that have been acquired by the corporation and held in its treasury for reissuance at a later date. These shares are not considered as outstanding shares and do not carry voting rights. The company may choose to reissue the treasury stock for various purposes, such as stock-based compensation programs, employee stock purchase plans, or for raising additional capital.