The authorized shares of capital stock is the number of shares
A) outstanding.
B) acquired.
C) that may be issued.
D) reacquired.

Question

Quizplus · Accepted Answer

The authorized shares of capital stock refer to the maximum number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation. This does not necessarily reflect the number of shares currently issued (outstanding) or reacquired by the company.

The Authorized Shares of Capital Stock Is the Number of Shares