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

Question

Quizplus · Accepted Answer

The maximum number of shares of common stock that may be issued according to the corporation's charter is referred to as authorized shares. The other options refer to shares that have already been issued (issued shares), shares that are currently in the market (outstanding shares), or shares that can still be issued (unissued shares).

The Maximum Number of Shares of Common Stock That May