Corporate stock can be divided into categories called which can be further divided into
a. authorized shares, classes.
b. equity, assets.
c. classes, series.
d. debentures, bonds.

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

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