Which of the Following Is the Largest Number of Shares

question 10

Multiple Choice

Which of the following is the largest number of shares?

• A)outstanding shares
• B)authorized shares
• C)issued shares
• D)approved shares

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Definitions:

Accounts Receivable

The sum customers owe a corporation for goods or services delivered but not yet compensated.

Credit Balance

A situation in an account where the sum of credits exceeds the sum of debits.

Contra-Asset

An asset account where its balance is a negative figure, offsetting the balance of a related asset account.

Allowance for Doubtful Accounts

Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.