The Financial Results for a Public Company Are Generally First

question 46

Multiple Choice

The financial results for a public company are generally first reported in a:

• A)press release issued one day after the accounting period ends.
• B)press release issued on the same day as the quarterly or annual report.
• C)quarterly or annual report issued a week or two after the accounting period ends.
• D)press release issued a few weeks after the accounting period ends.

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Definitions:

Condition Subsequent

A condition that alters the rights or duties of the parties to a contract, or that may have the effect of terminating the contract if it should occur.

Condition Precedent

A legal term for a condition or event that must occur before a contract becomes effective or before an obligation must be performed.

Power of Attorney

A formal document that gives one person (the agent) the power to represent another (the principal) in matters of law or finance.

Seal

A device or substance used to close or secure an object or document, often signifying authenticity, confidentiality, or approval.