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Joe Moyer, your uncle, is an inventor who has decided to incorporate. Uncle Moyer knows that you are an accounting major at U.N.O. In a

Joe Moyer, your uncle, is an inventor who has decided to incorporate. Uncle Moyer knows that you are an accounting major at U.N.O. In a recent letter to you, he ends with the question, Im 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, and (4) preferred stock?\ \ \ Your post should include:\ \ In a brief note, differentiate for Uncle Earl among the four different stock terms. Write the letter to be friendly, yet professional.

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