On a Balance Sheet, Which Item Does NOT Need to Be

question 72

Multiple Choice

On a balance sheet, which item does NOT need to be disclosed for common stock?

• A) Number of shares authorized
• B) Number of shares issued
• C) Market value per share
• D) Par value

---

Definitions:

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, such as repayment of a loan.

Ordinary Course

Refers to actions and transactions that are regular and normal for a particular business under the circumstances.

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's property, typically for securing loans.

UCC

is the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.