If 100,000 shares of common stock are authorized, but only 50,000 shares are issued, then:...
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Accounting
If 100,000 shares of common stock are authorized, but only 50,000 shares are issued, then: A. the other 50,000 shares become the property of the state. B. the other 50,000 shares must be issued within 90 days. C. notes should identify the number of shares authorized, issued, and outstanding. D. the underwriter must purchase the other 50,000 shares. E. None of these.
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