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NEW QUESTION: 1
Which of the following is true of treasury stock?
A. it is stock that has been reacquired by the issuer
B. it has voting rights
C. it is entitled to receive dividends
D. it is stock that has not been issued
Answer: A
Explanation:
Explanation/Reference:
Explanation: it is stock that has been reacquired by the issuer. Treasury stock has no voting rights and is not entitled to receive dividends. The shares have been issued but are no longer outstanding in the market.

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