Question

What term identifies stock that has been authorized and sold?​ ​authorized and paid stock ​outstanding stock ​treasury stock ​authorized and unissued stock?

Answer 1

The answer is outstanding stock.

This is because the stock has been authorized by the board of directors and it sold. Thus, stock that has been sold is currently outstanding and available in the marketplace.

Answer 2

This is outstanding stock. The stock has been given out to a buyer and is now "outstanding" in the general population, including those being held by the company's investors. The stock in this case represents a share in the ownership of the company.