Which document determines the number of shares a company can sell?

A. a stock prospectus

B. an annual bill of rights

C. a corporate charter

D. an annual report

The document that determines the number of shares a company can sell is C) a corporate charter. This document, issued by the founders of a corporation and approved by the government, describes in detail all the major components of it, including a declaration of the maximum number of shares the company will be legally authorized to sell.