Day: May 31, 2020

Shareholders must be provided with the financial statements of any company in which they own shares because . . .?

Select ONE answer:

1. of the provisions of the Companies Acts.
2. of regulations issued by the Stock Exchange.
3. of regulations issued by the Accounting Standards Board (ASB).
4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct – Stock Exchange regulations apply only to companies whose shares are listed on the Exchange.
3. Not correct – Regulations issued by the Accounting Standards Board relate to the preparation of financial statements, not to their dissemination / publication.
4. Not correct

 

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