Shares of outstanding stock may not equal the number of shares of authorized stock.

Name: Shares of outstanding stock may not equal the number of shares of authorized stock.
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Authorized stock is the total number of shares a corporation is legally allowed to issue, while outstanding stock refers to the number of shares actually issued and currently held by shareholders. These numbers often differ because a company may not issue all of its authorized shares.

Shares of Outstanding Stock May Not Equal the Number of Shares