The company's DRAFT equity section reads, in part, as follows -

Authorized shares - 100 million

Issued shares - 90 million

Outstanding shares - 80 million

Treasury shares - 10 million

You are reviewing the Balance Sheet prior to its publication. The Authorized shares amount has remained the same since the company was first formed.

Does the above portrayal of the number of shares look logically correct to you?

A. Yes

B. No, because issued shares usually exceed authorized shares

C. No, because outstanding shares usually exceed issued shares.

D. No, because we need to know the actual dollar cost of the shares to draw a conclusion like this.