The record of the outstanding shares at any given time is maintained in the
A) corporate directory.
B) stock certificate books.
C) schedule of stock owners.
D) shareholders' capital stock master file.

Question

Quizplus · Accepted Answer

The most accurate and up-to-date record of outstanding shares is maintained in the shareholders' capital stock master file, which should be regularly updated to reflect any changes in the ownership status of the company's shares. The corporate directory may provide information on key executives and management personnel, but it is unlikely to contain information on individual shareholders or the number of outstanding shares. Stock certificate books may be used to record the issuance and transfer of stock certificates, but they may not reflect the current ownership status of the company's shares. Similarly, a schedule of stock owners may provide a snapshot of the ownership status at a particular point in time, but it may not be comprehensive or up-to-date.

The Record of the Outstanding Shares at Any Given Time