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Which of the following statements are true of Treasury stock?
I. It has voting rights and is entitled to a dividend will declared.
II. It has no voting rights and no dividend entitlement.
III. It has been issued and repurchased by the company.
IV. It is authorized but unissued stock.
Treasury stock in stock a corporation has issued and subsequently repurchased from the public in the secondary market. It does not carry the rights of other common shares, including voting rights and the right to receive dividends.
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Which of the following statements are true of Treasury stock?
I. It has voting rights and is entitled to a dividend will declared.
II. It has no voting rights and no dividend entitlement.
III. It has been issued and repurchased by the company.
IV. It is authorized but unissued stock.
I. It has voting rights and is entitled to a dividend will declared.
II. It has no voting rights and no dividend entitlement.
III. It has been issued and repurchased by the company.
IV. It is authorized but unissued stock.
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