Practice Quiz

CLEP Business Law

Category - Miscellaneous

Start a Study Session Sign up for Question of the Day
The number of shares provided for in a corporation’s articles of incorporation is:
  1. The number of available shares.
  2. The number of discounted shares.
  3. The number of declared shares.
  4. The number of redeemable shares.
  5. The number of authorized shares.
Explanation
Answer: E. The number of shares provided for in a corporation’s articles of incorporation is the number of authorized shares. The number of authorized shares can be changed with shareholder approval. The number of authorized shares is usually more than the number of issued shares.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz