When All of the Authorized Shares Have the Same Rights

question 204

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)"Ordinary Shares" under IFRS and "Common Shares" under GAAP

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Definitions:

Information

A document, prepared by the prosecutor and presented to the magistrate, which demonstrates that there is enough evidence to charge the defendant and bring him or her to trial.

Accounts

Records or statements of financial transactions, reflecting the financial activities of a person or organization.

Negotiable

A term describing an instrument, such as a check or bill of exchange, that can be transferred from one person to another in a manner that the holder in due course acquires a good title.

Handwriting

The act or skill of writing by hand; also refers to an individual's unique style of writing.