The Number of Shares of Authorized Stock of a Corporation

question 116

Multiple Choice

The number of shares of authorized stock of a corporation:

• A)changes every time stock is sold.
• B)is stated in the charter.
• C)has no limit.
• D)must be recorded as a journal entry.

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Definitions:

Federal Courts

Courts established by the federal government having jurisdiction over questions of federal law and involving disputes between citizens of different states or countries.

Justify a Trial

Justifying a trial involves providing sufficient legal basis or reason for the case to proceed in court, ensuring that it meets the standards and requirements for a legal hearing.

Miranda Rule

A legal principle requiring police to inform a detainee of their rights to silence and legal counsel before interrogation.

Remain Silent

A legal right, often referenced in the context of the Miranda rights in the US, that allows individuals to not answer questions or make statements that could be incriminating.