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Chapter 11
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Which of the following represents the maximum number of shares a corporations can issue?
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Authorized shares
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zausch1
Terms in this set (7)
Which of the following represents the maximum number of shares a corporations can issue?
Authorized shares
The authorized stock of a corporation
is indicated in its charter
Which of the following represents the amount per share of stock that must be retained in the business for the protection of corporate creditors?
legal capital
Capital stock to which the charter has assigned a value per share is called
par value stock
which of these is not a major advantage of a corporation?
government regulations
retained earnings is
net income that a corporation retains for the future use
which of the following is not a characteristic of a corporation?
unlimited liability for stockholders
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