1) In respect to the issue of shares by a company, what is an IPO?

Select one:

a. Investment in preference and ordinary shares.b. Initial public offering of shares.c. Investment prospectus for an issue of options.d. Instruments providing options to ordinary shareholders.

2) What is the constraint that limits the information provided by financial reporting?

Select one:

a. Timeliness.b. Materiality.c. Comparability.d. Cost