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Which of the following apply to closely held corporations? Multiple Choice There is no organized market for buying and selling the company's shares. The company
Which of the following apply to closely held corporations?
Multiple Choice
- There is no organized market for buying and selling the company's shares.
- The company must prepare and issue its financial statements in conformity with generally accepted accounting principles.
- The company must have its financial statements audited by an independent firm of CPAs.
- The company's financial information must be submitted to the Securities and Exchange Commission.
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