Tarazania is a country with a small but active stock market However, the country has no accounting standards in fact, the issuance of financial statements is illegal This odd law stems from the fact that the founding king of Tarazania once took an intermediate accounting course and was so overwhelm...

With no financial statements available from any of the 100 companies in Tarazania the best an invest ...

Tarazania is a country with a small but active stock market. However, the country has no accounting

Question:

Tarazania is a country with a small but active stock market. However, the country has no accounting standards; in fact, the issuance of is illegal. This odd law stems from the fact that the founding king of Tarazania once took an intermediate accounting course and was so overwhelmed by the chapter on the statement of cash flows that he vowed he would never view another financial statement again. As a result, none of the 100 companies with publicly traded in Tarazania have ever made available to the public. Of course, each of these companies has prepared and other reports for use internally for years. Last week Tarazania’s founding king died. His eldest daughter has now ascended to the throne. Her Majesty has been a secret aficionado of for years. One of her first official acts was to make the public release of legal but not mandatory. Of the 100 publicly traded companies in Tarazania, which will be the first to release its to the public? Will all 100 companies do so?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...