Write the appropriate key term in front of its associated description given below.
1. authorized stock
2. issued stock
3. outstanding stock

a) shares actually sold, which includes treasury stock
b) total number of shares available to sell
c) open choices for matching shares held by investors

See the explanation.

Explanation:

Authorized stock is the total shares a business is authorized to issue where as issued stock is the total shares that have been issued and held by either investors and or the treasury of the business itself. Outstanding shares are the ones held by investors outside of the company thus the correct matching is as follows

Authorized Stock = Total number of shares available to sell

Issued Stock = Shares actually sold, which includes treasury stock

Outstanding Stock = Open choices for matching Shares held by investors

Hope that helps.

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