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What are treasury stocks and why do companies engage in their purchase? Courts have ruled that a stock dividend is not taxable income to stockholders.

  1. What are treasury stocks and why do companies engage in their purchase?
  2. Courts have ruled that a stock dividend is not taxable income to stockholders. What justifies this decision?
  3. Discuss why laws place limits on treasury stock purchases? Explain the rationale for these laws.

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