If a corporation is authorized to issue 1,000 preferred shares,which have a current market value of $80 per share,it has $80,000 worth of shares outstanding.

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The corporation only has $80,000 worth of shares outstanding if it has actually issued all 1,000 preferred shares. Being authorized to issue shares is not the same as having issued them.

If a Corporation Is Authorized to Issue 1,000 Preferred Shares,which