Answered: Which of the following is not a state…

Which of the following is not a state or category of stock? A. Available for sale B. Authorized C. Outstanding D. Issued

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 2MC: Issued stock is defined as stock that ________. A. is available for sale B. that is held by the...

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Question

Which of the following is not a state or category of stock?

A. Available for sale

B. Authorized

C. Outstanding

D. Issued

Expert Solution

Step 1

Stock refers to the form of security that depicts the appropriate ownership of the holder by the issuing corporation or a company.

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