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The classifications of common stock
authorized
issued
outstanding
treasury
Authorized Stock
maximum number of shares a corporation is legally allowed to issue, according to its corporate charter.
Issued Stock
authorized stock sold to investors
unissued stock does not carry the rights of issued shares
Outstanding Stock
All shares that a company has issued and that are in the hands of investors
when company buys back stock it is no longer considered outstanding
Treasury Stock
Stock a corporation has issued and then bought back
no voting rights or rights to receive dividends
not considered in determining company’s value
Issued stock formula
Outstanding + Treasury Stock