Explain why public companies are required to publicly disclose their financial statements, while private companies are not.

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Understanding Financial Accounting

ISBN: 9781119715474

3rd Canadian Edition

Authors: Christopher D. Burnley

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Question Posted: Jan 17, 2023 06:37 AM

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Explain why public companies are required to publicly disclose their financial statements, while private companies are not.

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Public companies have their shares traded on a public stock exchange The feder...View the full answer

Understanding Financial Accounting

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