When All of the Authorized Shares Have the Same Rights

question 127

Multiple Choice

When all of the authorized shares have the same rights and characteristics,the stock is referred to as:

• A)Preferred shares under both IFRS and GAAP.
• B)Common shares under both IFRS and GAAP.
• C)Plain shares under IFRS and common shares under GAAP.
• D)Simple shares under IFRS and pure shares under GAAP.
• E)Share capital under IFRS and common shares under GAAP.

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Definitions:

Intention of Deceiving

The deliberate act of misleading or tricking someone to gain an advantage or cause harm.

Libel

A written or published defamatory statement or representation that conveys an unjustly unfavorable impression; a form of defamation.

Outside Sales

Sales activities conducted away from the seller’s usual business premises, often involving direct interaction with clients or potential customers.

Independent Self-Starter

An individual who is motivated and able to initiate tasks and projects on their own without needing direct supervision.