The Dow Jones Industrial Average Utilizes the Prices of the Same

question 353

True/False

The Dow Jones Industrial Average utilizes the prices of the same 30 companies' stocks each year to ensure consistency.

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Definitions:

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

IASB

International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).

IFRS

The International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is intended to become the global standard for the preparation of public company financial statements.