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:

Gastroscopy

A diagnostic procedure that involves using a gastroscope to visually examine the interior of the stomach.

Colonoscopy

A medical procedure using a camera to examine the interior lining of the colon and rectum.

Proctoscopy

A medical procedure where a special instrument, called a proctoscope, is used to examine the anal cavity, rectum, or sigmoid colon.

Uterus

A major female hormone-responsive reproductive sex organ of most mammals, including humans, responsible for housing and nurturing the fetus.