Authorized Share Capital Refers to the Total Number of Shares

question 76

Multiple Choice

Authorized share capital refers to the total number of shares:

• A)That can be issued in conformity with the corporation's charter.
• B)Outstanding.
• C)Issued, less all treasury shares owned.
• D)Issued.

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Definitions:

Bank Errors

Mistakes made by a bank in recording transactions in an account holder's records.

Outstanding Checks

Outstanding checks are checks that have been written and recorded in the account holder's register but have not yet been cleared or cashed by the bank.

Adequate Cash Flow

Sufficient amounts of cash on hand that an entity has to meet its financial obligations and operational needs.

Bills

Documents indicating a transaction or an obligation to pay for goods or services received.