What Is the Meaning of the Term "Going Public"? Explain

question 88

Essay

What is the meaning of the term "going public"? Explain the important issues involved in deciding whether to go public. Include cost estimates, advantages and disadvantages.

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Definitions:

Liability

Financial obligations, debts, or responsibilities owed by a business to others, to be settled over time through the transfer of economic benefits.

Invoice Approval Form

Used by the accounting department in checking the invoice and finally approving it for recording and payment.

Purchasing Department

A division within a business that is responsible for acquiring goods and services that are necessary for the company's operations.

Accounting Department

The division within a business that manages financial records, processes transactions, and ensures compliance with financial regulations.