The number of shares that a corporation's incorporation document allows it to sell is referred to as

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21-04-2022
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The number of shares that a corporation's incorporation document allows it to sell is referred to as

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jayilych4real jayilych4real · Answer 1 · 2022-04-29T17:03:13+02:00

The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.

What is a Corporation?

This refers to a business entity that has a group of members who acts together for a set goal.

Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.