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Write the letter to be friendly yet professional

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Reference no: EM131134260

Sid Hosey, your uncle, is an inventor who has decided to incorporate. Uncle Sid knows that you are an accounting major at U.N.O. In a recent letter to you, he ends with the question, "I'm filling out a state incorporation application. Can you tell me the difference in the following terms: 

(1) Authorized stock,
(2) Issued stock,
(3) Outstanding stock, 
(4) Preferred stock ?" 

Instructions

In a brief note, differentiate for Uncle Sid among the four different stock terms. Write the letter to be friendly, yet professional.

Reference no: EM131134260

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