Canadian Securities Course (CSC) Practice Exam

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Study for the Canadian Securities Course Exam with our comprehensive practice test. Explore flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare for your CSC exam with confidence!

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What are issued shares in the context of finance?

Shares authorized by the government
Shares held by the board of directors
Shares that have been sold by a corporation
Shares designated for a specific project

The correct answer is: Shares that have been sold by a corporation

Issued shares refer to the total number of shares that a corporation has sold to investors. This includes both shares sold during an initial public offering (IPO) and any subsequent offerings. The other options are incorrect because - Option A refers to authorized shares, which are the maximum number of shares that a company is legally allowed to issue. - Option B refers to shares held by the board of directors, which may or may not include shares that have been sold to investors. - Option D refers to designated shares, which may be used for a specific purpose such as employee stock options.