The number of shares authorized is always less than the number of shares issued. True False

Question

Question

Answer 1

Answer #1

False. Number of Authorised share can never be less than number of shares issued. Authorised capital can be more than or equal to issued capital.

Answer 2

Similar Homework Help Questions

A corporations common stock shares will be defined in three ways: shares authorized, shares issued, and...

A corporations common stock shares will be defined in three ways: shares authorized, shares issued, and shares outstanding. A. True B. False
True or false: Any price other than the equilibrium price will always result in less total...

True or false: Any price other than the equilibrium price will always result in less total surplus in the economy, or, equivalently, some deadweight loss.
a felony is always punishable by imprisonment of less than one year in jail ? true...

a felony is always punishable by imprisonment of less than one year in jail ? true or false

1) True or False: For any two events, A and B, conditional probability is always less...

1) True or False: For any two events, A and B, conditional probability is always less than unconditional probability, i.e. P[B|A] < P[B].
1. Preferred stock $50 par value, 10,000 shares authorized, ? shares issued $4000.00 What is the...

1. Preferred stock $50 par value, 10,000 shares authorized, ? shares issued $4000.00 What is the number of shares of preferred stock issued?
The correct order from the smallest number of shares to the largest number of shares is:...

The correct order from the smallest number of shares to the largest number of shares is: Issued, authorized, and outstanding. B) Authorized, issued, and outstanding. C) Issued, outstanding, and authorized. D) Outstanding, issued, and authorized. When I raise money for my business, I will be better off if I issue shares if I issue debt It depends how well the business does Prior to year-end adjusting entries, what would explain the Allowance for Uncollectible Accounts having a debit balance? The...

Kinetic friction will always be greater than static friction? True False

Kinetic friction will always be greater than static friction? True False
The Relative Frequency of an event is always larger than the probability. True or False?

The Relative Frequency of an event is always larger than the probability. True or False?
The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares...

The following data were reported by a corporation: Authorized shares 34,000 Issued shares 29,000 Treasury shares 10,500 The number of outstanding shares is: Multiple Choice Ο Ο 23,500. Ο 18,500. Ο 44,500. Ο 34,000.

On May 1, Page Corporation incorporated and authorized 181,000 preferred shares and an unlimited number of...

On May 1, Page Corporation incorporated and authorized 181,000 preferred shares and an unlimited number of common shares. On May 2, Page issued 2,100 common shares for $16 per share. On June 15, it issued an additional 900 common shares for $18 per share. On November 1, Page issued 220 preferred shares for $27 per share. On December 15, it issued an additional 220 preferred shares for $35 per share. Record the share transactions. (Credit account titles are automatically indented...