The total amount of shares that a corporation's charter allows it to issue is
A)Authorized
B)Issued
C)Outstanding
D)Common
E)Preferred

Question

Quizplus · Accepted Answer

The authorized shares refer to the maximum number of shares that a corporation is legally allowed to issue through its charter or articles of incorporation. It does not necessarily mean that all of these shares have been issued or are outstanding.

The Total Amount of Shares That a Corporation's Charter Allows