What Authority Determines How Many Shares of Stock a Corporation

question 89

Multiple Choice

What authority determines how many shares of stock a corporation may issue?

• A) A vote by the board of directors
• B) The rules of GAAP
• C) Regulations of the Securities and Exchange Commission
• D) The government laws in the state where the business is incorporated

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Definitions:

Latin Americans

People originating from or living in countries in Latin America, a region encompassing South and Central America, Mexico, and the Caribbean.

North Americans

Individuals who are inhabitants of North America, encompassing those from countries such as the United States, Canada, and Mexico.

Verbal Fillers

Words or sounds frequently used in spoken language to fill pauses or to buy time while thinking, such as "um," "like," "you know."

Red Flag Words

Terms or phrases that can be warning signs of potential problems or areas of concern in a document or conversation.