The maximum number of shares of stock a corporation is legally allowed to issue is referred to as: Outstanding stock Treasury stock Authorized stock. Issued stock Question 2 4 pts The charter of a corporation allows for up to 100,000 shares of common stock to be issued. Assume that 40,000 shares were actually issued, and 5,000 were subsequently reacquired and are currently being held as treasury stock. What is the number of shares outstanding? 35,000 45,000 5,000 55,000