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Authorized stock has not necessarily been issued. The incorporating state authorizes the corporation to issue a certain number of shares of stock. All shares of a company are authorized... not all are issued.

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Q: What is difference between authorized stock and issued stock?
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Is authorized stock a liability on a balance sheet or only once it's issued?

Authorized stock becomes liability only once it is issued which is called issued capital and authorized capital is just there as an statement to inform the maximum amount of issued share capital.


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