External Users Include Lenders, Shareholders, Customers, and Regulators

question 45

True/False

External users include lenders, shareholders, customers, and regulators.

---

Definitions:

Publicly Held Corporation

A corporation whose shares are eligible to be publicly traded in securities markets, such as the New York Stock Exchange.

Securities Markets

Financial marketplaces where securities such as stocks and bonds are issued and traded between investors.

New York Stock Exchange

A leading global securities exchange where buyers and sellers trade shares in public companies.

Subchapter S

A section of the Internal Revenue Code allowing corporations with 100 shareholders or less to be taxed as a partnership, avoiding double taxation.