Maximum number of shares that can be issued by a firm is called
A) Treasury stock
B) Outstanding shares
C) Authorized shares
D) None of the above

Question

Quizplus · Accepted Answer

The maximum number of shares that can be issued by a firm is called authorized shares. Treasury stock refers to shares that have been bought back by the company and are being held in the company's treasury. Outstanding shares represent the total number of shares that have been issued by the company and are currently held by shareholders, including both common and preferred stock.

Maximum Number of Shares That Can Be Issued by a Firm