Once the Amount of Shares That a Corporation Is Authorized

question 24

True/False

Once the amount of shares that a corporation is authorized to issue has been specified in the charter,it cannot be changed,so the charter commonly specifies more shares than are to be issued initially.

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Definitions:

Merchandise Trade Balance

The difference between a country's exports and imports of physical goods, indicating a trade surplus or deficit.

Refrigerators

Appliances used for keeping food and drinks cold, employing the principles of thermodynamics to transfer heat from the inside to the outside environment.

Shipping

The process of transporting goods and merchandise by land, air, or sea.

Balance of Payments

A record of all transactions made between entities in one country and the rest of the world over a specified period of time.