Shares: A company invites application to general public to get ownership in business by issuing shares. Shares are generally sold by the company to get some additional capital for their business in lieu of offering ownership to the buyers of its shares. There are two main types of shares common shares and preferred shares. To explain: Authorized, issued and outstanding shares.

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Chapter 13, Problem 7Q

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Shares: A company invites application to general public to get ownership in business by issuing shares. Shares are generally sold by the company to get some additional capital for their business in lieu of offering ownership to the buyers of its shares. There are two main types of shares common shares and preferred shares.

To explain: Authorized, issued and outstanding shares.

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