The stocks repurchased by Keys, Inc. of its own common stock is now classified as a treasury stock.
Treasury stocks are common shares that have been issued by the firm and it is later repurchased by the company at a later date. Treasury stocks decrease the total number of shares outstanding . Treasury stock is a contra equity account recorded in the shareholder's equity
To learn more about treasury stocks, please check: https://brainly.com/question/11324832
