Table of contents

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1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

12. Stockholders' Equity

Characteristics of a Corporation

Financial Accounting

12. Stockholders' Equity

Characteristics of a Corporation

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Multiple Choice

Which of the following classifications represents the greatest number of shares of common stock for a corporation?

Treasury shares

Authorized shares

Issued shares

Outstanding shares

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Understand the classifications of common stock: Authorized shares, Issued shares, Outstanding shares, and Treasury shares. Each represents a different subset of the corporation's stock.

Authorized shares are the maximum number of shares a corporation is legally allowed to issue, as specified in its corporate charter. This is the largest possible classification of shares.

Issued shares are the portion of authorized shares that have been sold or distributed to shareholders. This is a subset of authorized shares.

Outstanding shares are the issued shares that are currently held by shareholders, excluding any treasury shares (shares repurchased by the corporation).

Treasury shares are the shares that the corporation has repurchased and holds in its treasury. These are not considered outstanding shares but are still part of the issued shares.