The amount of stock that may be issued according to the corporation's charter is referred to as the
A)authorized stock.
B)issued stock.
C)unissued stock.
D)outstanding stock.

Name: The amount of stock that may be issued according to the corporation's charter is referred to as the A)authorized stock. B)issued stock. C)unissued stock. D)outstanding stock.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

The authorized stock is the maximum number of shares that a corporation is allowed to issue, as specified in its charter.

The Amount of Stock That May Be Issued According to the Corporation's