Question

A corporate charter ______. (Check all that apply.) is required before stock is issued specifies the number of shares authorized specifies the rights and characteristics of the stock is required only for publicly-traded corporations specifies the number of shares outstanding

Answer 1

A corporate charter

• is required before stock is issued
• specifies the number of shares authorized
• specifies the number of shares outstanding

Explanation:

A business charter, also recognized as the' charter' or' organization papers,' is a written document that the members of a company registered because of the State Department.

This outlines a company's main elements, such as its goals, structure and plans. The business has become a legal entity if licensed by the Government.

During the most fundamental level, the company charter involves the name, intention of the corporation, be it a profitable or not institution, the place of business, the number of shares authorized to be authorised and the names of those involved in the structure; the corporate charter covers the company's names.

Corporate charters shall be registered because of the State Department of the organization.