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A company may disclose the number of authorized, issued, and outstanding shares. Which of the following statements is correct? The number of issued shares always

A company may disclose the number of authorized, issued, and outstanding shares. Which of the following statements is correct?

The number of issued shares always equals the number of outstanding shares.

The number of authorized shares is set out in the Canada Business Companies Act.

The number of outstanding shares less the number of treasury shares equals the number of issued shares.

None of the above.

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