The Number of Shares of Outstanding Stock Is Equal to the Number

question 94

True/False

The number of shares of outstanding stock is equal to the number of shares authorized minus the number of shares issued.

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Definitions:

Age Of Majority

The legally defined age at which an individual is considered an adult with the full capacity to enter into binding contracts.

Limited Capacity

Limited capacity refers to a person's restricted legal ability to perform certain actions or enter into contracts due to age, mental condition, or other legal constraints.

Voidable

A legal term indicating that a contract or transaction can be legally canceled or annulled by one of the parties.

Legally Binding Contract

A legally binding contract is an agreement between parties that is enforceable by law, meaning each party has legal obligations they must fulfill.