Question

fill in the blank question

the maximum number of shares a corporation is allowed to sell in accordance with its corporate charter are called shares. (enter one word per blank.)

Explanation:

Identify the definition of corporate shares

The question asks for the term describing the maximum number of shares a corporation is legally allowed to issue or sell under its corporate charter.

Determine the correct term

In corporate finance and accounting, the maximum number of shares authorized by the corporate charter is referred to as "authorized" shares.

Answer:

The maximum number of shares a corporation is allowed to sell in accordance with its corporate charter are called <blank>authorized</blank> shares. (Enter one word per blank)