The Total Amount of Stock That a Corporation's Charter Allows

question 80

Multiple Choice

The total amount of stock that a corporation's charter allows it to issue is referred to as:

• A)Issued stock
• B)Outstanding stock
• C)Common stock
• D)Preferred stock
• E)Authorized stock

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Definitions:

Federal Government

The Federal Government is the national government of a federation, responsible for governing the entire country and managing affairs that go beyond the jurisdiction of individual states or provinces.

Sarbanes-Oxley Act

In 2002, the United States passed a federal statute aimed at defending investors by advancing the veracity and trustworthiness of corporate disclosures.

Financial Reports

Documents containing detailed information about a company's financial health, including balance sheets, income statements, and cash flow statements.

Securities and Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.