Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. Question: Software Riverside Company issued longterm debt of 350 paid dividends of 20 and issued capital stock of 100.Authorized stock is the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Net position represents the difference between assets and deferred outflows less liabilities and deferred inflows. Net position invested in capital assets. Capital stock, also known as authorized stock, refers to all common stock and preferred stock a corporation is legally allowed to issue. Capital stock authorized is the number of shares of stock that a corporation is entitled to issue as designated in its charter. The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners.