ACC 304 All Assignments ACC 304 All Assignments | Page 43

d. stockholders' equity is overstated.
P33. Which of the following represents the total number of shares
that a corporation may issue under the terms of its charter?
a. authorized shares
b. issued shares
c. unissued shares
d. outstanding shares
S34. Stock that has a fixed per-share amount printed on each stock
certificate is called
a. stated value stock.
b. fixed value stock.