Authorized Share Capital Refers to the Total Number of Shares

question 77

Multiple Choice

Authorized share capital refers to the total number of shares:

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

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Definitions:

Cash Inflows

The movement of money into a business or account, often from sales, investments, financing, or other sources.

Cash Outflows

Financial transactions that involve the spending of money, leading to a decrease in the cash balance of a business.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by dividing current assets by current liabilities.

Current Liabilities

Short-term financial obligations that a company is required to pay within one year, such as accounts payable and short-term loans.