Shares of capital stock issued to and held by stockholders as of a specific date are $\begin{array}{llll}
& \text { Authorized}& \text { Issued}& \text { Outstanding}\
& \text { Capita1 Stock}& \text { Capita1Stock}& \text { Capita1Stock}\
\text { I. } & \text { Yes } & \text { Yes } & \text { No } \
\text { II. } & \text { Yes } & \text { Yes } & \text { Yes } \
\text { III. } & \text { No } & \text { No } & \text { Yes } \
\text { IV } & \text { No } & \text { No } & \text { No }
\end{array}$

Question

Shares of capital stock issued to and held by stockholders as of a specific date are $\begin{array}{llll}
& \text { Authorized}& \text {  Issued}& \text {  Outstanding}\
& \text { Capita1 Stock}& \text { Capita1Stock}& \text { Capita1Stock}\
\text { I. } & \text { Yes } & \text { Yes } & \text { No } \
\text { II. } & \text { Yes } & \text { Yes } & \text { Yes } \
\text { III. } & \text { No } & \text { No } & \text { Yes } \
\text { IV } & \text { No } & \text { No } & \text { No }
\end{array}$

Quizplus · Accepted Answer

This is referring to the concept of "outstanding shares," which are the shares of capital stock that are currently held by shareholders. Option B specifically states that these shares are "issued to and held by stockholders," making it the correct choice. Option A refers to authorized shares (the maximum number of shares a company is allowed to issue), option C refers to treasury shares (shares that a company has repurchased and is holding on its own balance sheet), and option D refers to unissued shares (shares that a company is authorized to issue but has not yet issued).

Shares of Capital Stock Issued to and Held by Stockholders