Which of the Following Statements Does NOT Describe the Activities

question 38

Multiple Choice

Which of the following statements does NOT describe the activities and authority of the Ontario Securities Commission (OSC) ?

• A) The OSC reviews and monitors the financial statements of companies whose shares are listed on the Toronto Stock Exchange.
• B) The OSC issues its own disclosure requirements for listed companies.
• C) The OSC has the ability to fine or delist companies.
• D) The OSC issues financial accounting standards for Canadian companies.

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Definitions:

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.

Liabilities

Financial obligations or debts a company owes to external parties.

Certificate Of Deposit

A Certificate of Deposit is a savings certificate with a fixed maturity date and specified fixed interest rate that is issued by commercial banks.

Microsoft Stock

Equity shares representing ownership in Microsoft Corporation, a leading technology company, traded on stock exchanges.