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Your friend, Jonathon Fain, is an engineering major with an entrepreneurial spirit. He wants to start his own corporation and

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Answer #1
1 The total number of shares available to sell,stated in the company's articles of incorporation Authorized stock
2 The number of shares that have been sold to investors. Issued stock
3 The number of shares held by investors,excluding Treasury shares Outstanding stock
4 Stock with Preference over common stock in the payment of dividends and the distribution of assets Preferred stock
5 The company's own stock that is has repurchased Treasury stock
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