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What the text authors dub the "exhaustion theory" of integration suggests that:
Stockholders' Claim
Represents the shareholders' ownership interest in a company's assets, usually after debts and liabilities have been settled.
Authorized Stock
The amount of stock that a corporation is authorized to sell as indicated in its charter.
Corporate Charter
A legal document issued by a governmental authority that establishes a corporation and outlines its rights and obligations.
Initial Capital
The amount of money used to start a business or investment.
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