Which of the Following Best Describes Those Shares Sold When

question 1

Multiple Choice

Which of the following best describes those shares sold when a company goes public which raise new capital?

• A) primary offering
• B) secondary offering
• C) tertiary offering
• D) preliminary offering

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Definitions:

Sales

The revenue a company earns from selling goods or services over a period.

Unusual Item

A gain or loss in financial statements that is infrequent or uncommon in occurrence.

Corporate Income Tax

Taxes imposed on the income or profit of corporations and other business entities by government authorities.

Outlet Stores

Retail stores that sell products directly from manufacturers at reduced prices, often overstock or discontinued lines.