series - issued These reacquired shares are called treasury...

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Authorized shares- The number of authorized shares that a corporation is permitted to issue may only be changed by a majority vote of the stockholders. Most corporations do not issue the full amount of authorized shares in order to reserve some shares for future use. Issued shares- This is stock that the corporation actually distributes or sells to investors. Remaining shares that a company does not distribute are called unissued shares. Treasury stock- Sometimes a corporation decides to buy back the stock that it has
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Unformatted text preview: issued. These reacquired shares are called treasury stock, since they are held in the company’s treasury. Treasury stock does not vote or receive dividends. Shareholder’s Rights Stock certificates-Shareholders have the right to receive one or more certificates as proof that they own stock in the company. Contains the name of the corporation, owner’s name, and number of shares owned, must be signed by authorized corporate officer....
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