Question: Joe Moyer your uncle is an inventor who has decided

Joe Moyer, your uncle, is an inventor who has decided to incorporate. Uncle Joe knows that you are an accounting major at U.N.O. In a recent letter to you, he ends with the question, “I’m filling out a state incorporation application. Can you tell me the difference in the following terms?
(1) Authorized stock,
(2) Issued stock,
(3) Outstanding stock,
(4) Preferred stock?”

In a brief note, differentiate for Uncle Joe among the four different stock terms. Write the letter to be friendly, yet professional.

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  • CreatedJanuary 30, 2014
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