What is the difference between a public and a private corporation?Choose the correct answer below.***OA. The shares of a public corporation are owned by government offices or officials, while the shares of a privatecorporation are owned by individuals in the private sector.OB. The shares of a public corporation are traded on an exchange (or "over the counter" in an electronic tradingsystem) while the shares of a private corporation are not traded on a public exchangeOC. The shares of a public corporation can be traded between individuals, while the shares of a privatecorporation can only be traded between a single individual and the corporation issuing the sharesOD. The shares of a public corporation can be held by any individual, while the shares of a private corporation canonly be held by managers within the corporation.

A public company's shares are traded on stock markets. According to the SEC, public companies are…

Answered: What is the difference between a public…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 5MC: Which of the following is not one of the five primary responsibilities of the Securities and...

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Similar questions

A stock market, such as the New York Stock Exchange(NYSE) or NASDAQ, trades shares (stock) of public corporations.What are some advantages of becoming public,from a corporation’s perspective? What are some of thedisadvantages?
When corporations issue stock in exchange for professional services, what account(s) should be debited and what account(s) should be credited?
Which of the following would not be true of a privately held corporation? * It is sometimes called a closely held corporation. Its shares are regularly traded on the New York Stock Exchange. It does not offer its shares for sale to the general public. It is usually smaller than a publicly held company.
Which of the following sell stock on an organized stock exchange such as the New York Stock Exchange? publicly traded companies not-for-profit businesses governmental agencies privately held companies government-sponsored entities
Discuss the various reasons why one corporation might invest in the stock of another corporation?
Which market allows corporations and governments to raise funds by issuing shares of stock and bonds directly to the public? A. primary market B. secondary market C. private placement market D. all of the above
1 All corporations acquire financing by issuing stock for sale on public stock exchanges. True or False
Which of the following statements is CORRECT? A The stock of publicly owned companies does not need to be registered with and reported to a regulatory agency such as the SEC. B When a corporation's shares are owned by a few individuals, we say that the firm is publicly traded. C "Going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. D When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an IPO," and the market for such stock is called the new issue or IPO market. E If a firm goes public, it will always raise additional new capital for the firm itself.
Public corporations: Multiple Choice are businesses whose stock is bought and sold on a stock exchange. are businesses owned by two or more people, each of whom is personally liable for the debts of the business. are businesses whose stock is bought and sold privately. are setup for non-profit purposes.
Please answer the multiple choice questions with only simple explanation. Thankyou! 6.) Assets or services acquired by a corporation in exchange for shares of stock should be recorded at: the book value of the stock at the time of the transaction the difference between the historical cost of the assets or services received and the amount of cash paid out as a result of the transaction the historical cost of the assets or services received less any cash received as a result of the transaction the fair market value of the assets or services received 7.) Which of the following regarding the conversion of preferred stock into common stock is true? gains resulting from a conversion are recognized and losses resulting from a conversion are not recognized losses resulting from a conversion are recognized and gains resulting from a conversion are not recognized both gains and losses from a conversion are not recognized…
Who are external users in a publicly-traded company? Give examples?
Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. It has many of the same rights as an individual. The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. Stockholders are expected to hire and fire key executives. It does not end with the death of an owner. Corporate income that is distributed to shareholders is usually taxed twice. Corporations are often subject to fewer regulations than partnerships. The president and vice presidents choose the board of directors.

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