Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 4 - No. 45)
Which of the following statements is true about a private company?
It is easy to raise funds on the stock market
It has a larger number of shareholders than a public company
It is often more difficult to transfer ownership
Its shares are traded on the stock exchange
Explanation
It is often more difficult to transfer ownership, as shares are often not freely traded.
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