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What type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts

Sagot :

Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.

  • The Public corporation is known to usually sells millions of shares of stock to many stockholders.

This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.

A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.

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