The Number of Shares of Authorized Stock of a Corporation

question 116

Multiple Choice

The number of shares of authorized stock of a corporation:

• A)changes every time stock is sold.
• B)is stated in the charter.
• C)has no limit.
• D)must be recorded as a journal entry.

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Definitions:

Rate of Return

The yield or downfall in an investment's worth over a given period, formulated as a percentage of the investment's primal cost.

EPS Growth Rate

The rate at which a company's earnings per share (EPS) has grown or is projected to grow over a specified time period.

Rate of Return

It measures the gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.