Asked by
leticia altaie
on Oct 15, 2024
Verified
If a corporation is authorized to issue 1,000 shares of $5 common stock,it is said to have $5,000 of common stock outstanding.
Common Stock
A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.
Outstanding
An amount of money that is still owed or an issue that has not yet been resolved.
- Comprehend the fundamental traits and ideas associated with corporate shares.
- Acquire knowledge on the fiscal mechanisms underpinning stock issuance, which includes understanding par value, stated value, and no-par value shares.
Verified Answer
SZ
Learning Objectives
- Comprehend the fundamental traits and ideas associated with corporate shares.
- Acquire knowledge on the fiscal mechanisms underpinning stock issuance, which includes understanding par value, stated value, and no-par value shares.