Authorized shares that have not been sold by the corporation are known as ________ shares.

Name: Authorized shares that have not been sold by the corporation are known as ________ shares.
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Question

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Unissued shares are authorized shares that have not been sold or distributed by the corporation. Issued shares are those that have been sold or distributed to shareholders. Outstanding shares are those that are currently held by shareholders. Liquidated shares do not exist as a term.

Authorized Shares That Have Not Been Sold by the Corporation