Question

Publicly traded companies are required to provide quarterly financial reports directly to the public. Select one: True False

Answer 1

Publicly traded companies are required to provide quarterly financial reports directly to the public - False

Explanation:

A publicly traded company is the company in which the ownership is determined by the shares that can be traded freely through the over the counter markets or through stock exchanges. When a company is decided to be traded publicly, then it added to the list of the public company on the stock exchanges so that it can be easy for the other companies for trading the shares.

The accounts of the publicly traded companies are audited by the outside auditors. These reports will be presented to the shareholders once in a year. It is mandatory in U.S, to present the financial reports of the publicly traded companies to be presented to the major shareholders once in every financial year.