The authorized shares of a corporation
A) only reflect the initial capital needs of the company.
B) are determined by the company's board of directors.
C) are indicated in its articles of incorporation.
D) must be recorded in a formal accounting entry.

Question

Quizplus · Accepted Answer

The authorized shares of a corporation are specified in its articles of incorporation, which is a legal document filed with the state to establish the corporation.

The Authorized Shares of a Corporation