Authorized stock represents the

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Authorized stock represents the d. maximum number of shares that can be issued for each class of stock.
When a corporation is established, its corporate charter specifies the total number of shares that the corporation is legally allowed to issue. This number is known as the authorized stock. It sets a limit on how many shares can be issued to raise capital and determines the potential ownership structure of the company. The authorized stock is not necessarily all issued at once; a corporation can choose to issue shares over time as needed for fundraising or other corporate purposes. The number of authorized shares can be increased through a formal amendment to the corporate charter, which typically requires approval from the shareholders.

Authorized Stock Represents the