which-of-the-following-best-represents-the-relationship-between-authorized-issue

Question

Which of the following best represents the relationship between authorized, issued, and outstanding shares using concentric circles?

Accepted Answer

Authorized shares encompass issued shares, which encompass outstanding shares.

Answer

Outstanding shares encompass issued shares, which encompass authorized shares.

Answer

Authorized shares encompass outstanding shares, which encompass issued shares.

Answer

Issued shares encompass authorized shares, which encompass outstanding shares.