When a Company First Goes Public, a Registration Statement Must

question 52

True/False

When a company first goes public, a registration statement must be filed with the New York Stock Exchange.
The registration must be filed with the SEC.

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Definitions:

Assignment

The transfer of rights, duties, or interests from one party to another.

Obligation

A legal or moral duty or responsibility that one party owes to another, enforceable by law.

Discharged

Released from a legal duty or liability, often used in contexts as being discharged from a contractual obligation or from bankruptcy.

Future Wages

Earnings that an individual is expected to receive from their employment in the upcoming period.