The Authorization of Common Shares

question 39

Multiple Choice

The authorization of common shares

• A)must be approved by Canada Revenue Agency.
• B)does not require a journal entry.
• C)increases shareholders' equity.
• D)decreases shareholders' equity.

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Definitions:

Phenomenology

The philosophical study of the structures of experience and consciousness.

Self-Actualization

The act of actualizing one's aptitudes and prospects, thought of as a basic drive or compulsion in all people.

Self-Sufficiency

The ability to fulfill all of one's needs without reliance on external assistance.

Unrealistically Optimistic

Describes a bias where individuals overestimate the likelihood of positive outcomes happening to them relative to others.