Tyler, Dusty, and Matt own all shares of stock in Abels Enterprises, and shares of stock are not offered to the general public. Abels Enterprises is likely a _______.
1 answer:
Abels Enterprises is likely a closely held corporation because shares of stock are not offered to the general public.
Since Abels Enterprises is a closely held corporation, it has a limited number of stockholders and its stocks are rarely exchanged.
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