What term identifies stock that has been authorized and sold?
A)authorized and paid stock
B)outstanding stock
C)treasury stock
D)authorized and unissued stock

Question

Quizplus · Accepted Answer

Outstanding stock refers to the shares of stock that have been authorized and sold, and are currently owned by shareholders. Option A refers to authorized and paid stock, which is not a commonly used term. Option C refers to stock that has been repurchased by the issuing company and is held by the company, while option D refers to stock that has been authorized but not yet sold.

What Term Identifies Stock That Has Been Authorized and Sold