23-25

The number of shares that a corporation's charter allows it to sell is referred to as: Issued stock. Outstanding stock. Common stock. Preferred stock. Authorized stock. The price-earnings ratio is calculated by dividing: Market value per share by earnings per share. Earnings per share by market value per share. Dividends per share by earnings per share. Dividends per share by market value per share. Market value per share by dividends per share. Treasury stock is classified as: An asset account. A contra asset account. A revenue account. A contra equity account. A liability account