ABC, Inc. Shareholders' Equity
Paid-in capital:
Common stock, 300,000 shares at $1.00 par	$300,000
Paid-in capital in excess of par	600,000
Less: Treasury stock, 50,000 shares at cost	(50,000)
Total shareholders equity	$850,000

How would you determine the number of shares of stock that ABC, Inc. is authorized to issue?

a. None of the other choices are correct.

b. Check the certificate of formation (in Texas) for the number of shares authorized to be issued.

c. Check the minutes of the meetings of the board of directors (in Texas) for the number of shares authorized to be issued.

d. Check the general ledger of ABC, Inc. (in Texas) for the number of shares authorized to be issued.

e. Check the minutes of the meetings of the shareholders' meetings (in Texas) for the number of shares authorized to be issued.