Popular Courses
COMM 217
Concordia University
ACCT 2301
The University of Texas at Dallas
Intro to Financial Accounting
General Course
COMM 293
University of British Columbia
Intro to Financial Accounting
University Study Guides
MGCR 211
McGill University
ACCT 1220
University of Guelph
Intro to Financial Accounting
University Study Guides
ADMS 2500
York University
COMMERCE 1AA3
McMaster University
COMM 111
Queen's University
ADM 1340
University of Ottawa
BU127
Wilfrid Laurier University
ACCT 2301
Houston
ACCT 2301
Houston
COMM 1101
Dalhousie University
AFM 101
University of Waterloo
BUS 251
Simon Fraser University
AFA 100
Toronto Metropolitan University
BUSINESS 3321K
Western University
0:00 / 0:00
Status of Shares
Understanding the terminology is important for solving equity related accounting questions. Shares can vary in status and are labelled accordingly.
Authorized Shares
- Maximum number of shares that a company can issue
- Can be unlimited
- Does not represent any issued or outstanding shares
Wize Tip
In solving any equity related questions, never use the authorized shares number of any calculation.
Issued Shares
- Shares that have been issued (sold) by the company.
- Includes outstanding shares and treasury shares.
Outstanding Shares
- Shares that were issued and are still held by shareholders.
Treasury Shares
- Shares that were issued but repurchased by the company and kept in treasury.
- Treasury shares can be reissued.
Retired Shares
- Shares that were issued but repurchased and cancelled by the company.
- Retired shares cannot be reissued.