Asked by Alondra Aguirre on Jun 14, 2024
Verified
Most companies in Canada have an unlimited number of authorized shares.
Authorized Shares
The maximum number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation.
- Learn how the market views and evaluates a corporation, taking into account market capitalization and the determinants of share price fluctuations.
Verified Answer
AT
Amelia TillmannJun 18, 2024
Final Answer :
True
Explanation :
Most companies in Canada, especially those incorporated under the Canada Business Corporations Act, have an unlimited number of authorized shares to provide flexibility in raising capital and issuing shares without the need to frequently amend their articles of incorporation.
Learning Objectives
- Learn how the market views and evaluates a corporation, taking into account market capitalization and the determinants of share price fluctuations.
Related questions
A Company Can Control the Market Value of Its Shares
A Firm's WACC for Capital Budgeting Purposes for a Planning ...
The Market Value of a Corporation's Stock Is Determined by ...
In the Medical and Life Sciences,what Is the Minimum Market ...
Venture Opportunities That Frequently Target Expensive-To-Reach Customers Have _____ Potential