80) Authorized shares that have not been sold by the

Question : 80) Authorized shares that have not been sold by the : 1858405

80) Authorized shares that have not been sold by the corporation are known as ________.

A) issued shares

B) unissued shares

C) outstanding shares

D) liquidated shares

81) Securities that establish a debtor-creditor relationship in which the corporation borrows money from the investor to whom a debt security is issued is known as ________.

A) authorized shares

B) preferred stocks

C) common stocks

D) fixed income securities

82) A ________ is a long-term unsecured debt instrument that is based on a corporation's general credit standing.

A) debenture

B) bond

C) note

D) treasury share

83) A long-term debt security that is secured by some form of collateral is referred to as a ________.

A) treasury share

B) bond

C) note

D) debenture

84) A(n) ________ is a debt security with a maturity of five years or less.

A) bond

B) debenture

C) indenture

D) note

85) A contract between a corporation and a holder that contains the terms of a debt security is known as a(n) ________.

A) bond

B) indenture

C) debenture

D) liquidation

86) Which of the following has a fixed maturity date?

A) bonds

B) common stock

C) cumulative preferred stock

D) participating preferred stock

87) Dissolution of a corporation that has begun business or issued shares upon recommendation of the board of directors and a majority vote of the shares entitled to vote is known as ________.

A) liquidation

B) judicial dissolution

C) administrative dissolution

D) voluntary dissolution

88) Involuntary dissolution of a corporation that is ordered by the secretary of state if a corporation has failed to comply with certain procedures required by law is known as ________.

A) judicial dissolution

B) administrative dissolution

C) cumulative dissolution

D) liquidation

89) Judicial dissolution of a corporation can be instituted by the attorney general of the state of incorporation if the corporation ________.

A) procured its articles of incorporation through fraud

B) did not pay its franchise fee

C) failed to file an annual report

D) failed for 60 days to maintain a registered agent in the state

90) According to priority, which of the following claimants is the last to be paid after assets have been liquidated of a corporation?

A) creditors

B) common stockholders

C) preferred shareholders

D) bond holders


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