The Authorized Shares of a Corporation

question 15

Multiple Choice

The authorized shares of a corporation

• A) only reflects the initial capital needs of the company.
• B) is indicated in its by-laws.
• C) is indicated in its charter.
• D) must be recorded in a formal accounting entry.

---

Definitions:

Security Warning

A notification alerting a user to potential risks, such as unsafe files or fraudulent websites.

Sort Data

The process of arranging data in a specific order, either ascending or descending, often used in spreadsheets and databases.

Duplicates

Identical copies or instances in data or files, often unwanted and targeted for removal to improve efficiency or accuracy.

Calculated Field

A field in databases or spreadsheets programmed to perform a calculation involving one or more existing fields.