How Many Times Can a Corporation's Stock Be Sold in the Primary

question 223

Multiple Choice

How many times can a corporation's stock be sold in the primary market?

• A) Once
• B) Twice
• C) A maximum of three times
• D) Once per year
• E) Unlimited

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Definitions:

Account

A record used to keep track of and summarize financial transactions within a specific category, such as sales, expenses, or assets.

Accounting Record

Documentation and entries that capture financial transactions and positions within an entity.

Specific Item

Refers to a unique or distinctly identified item within an inventory or accounting context.

Chart of Accounts

An organizational tool that lists all the accounts in a company's general ledger, categorizing financial transactions into specific classes for reporting and analysis purposes.