Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if 100,000 shares of common stock are authorized,

If 100,000 shares of common stock are authorized, but only 50,000 shares are issued, then:...

70.2K

Verified Solution

Question

Accounting

If 100,000 shares of common stock are authorized, but only 50,000 shares are issued, then: A. the other 50,000 shares become the property of the state. B. the other 50,000 shares must be issued within 90 days. C. notes should identify the number of shares authorized, issued, and outstanding. D. the underwriter must purchase the other 50,000 shares. E. None of these.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students