The Authorized Shares of a Corporation

question 69

Multiple Choice

The authorized shares of a corporation

• A) only reflect the initial capital needs of the company.
• B) are determined by the company's Board of Directors.
• C) are indicated in its articles of incorporation.
• D) must be recorded in a formal accounting entry.

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Definitions:

Substantive Law

Law that deals with the rights and duties of people and the substance of legal claims, as opposed to procedural law.

Canon Law

The body of laws and regulations developed or adopted by ecclesiastical authority, for the government of a Christian organization or church and its members.

British Columbia

A province located on the west coast of Canada, known for its natural landscapes and as the third-most populous province in the country.

Provincial Court

is a low level court which deals with less serious criminal offenses, family law (except divorce), and civil cases of limited value, within a specific province or territory.