Trees Are Most Likely to Be an Example of _____

question 73

Multiple Choice

Trees are most likely to be an example of _____ property.

• A) tangible personal
• B) real
• C) intangible personal
• D) intellectual

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Definitions:

Authorized Shares

The highest amount of shares a company is allowed to distribute, as outlined in its charter.

Outstanding Shares

The total number of shares of a corporation that have been issued and are in the hands of the public and insiders.

Issued Shares

The total number of shares of stock that have been sold.

Generally Accepted Accounting Principles

A framework of accounting standards, principles, and procedures that companies must follow when compiling their financial statements in the U.S.