The Downside to a Private Placement Transaction Is That It

question 4

True/False

The downside to a private placement transaction is that it does not require the fees and expenses associated with an ASIC registration.

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Definitions:

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of money, goods, or services.

Debit

A bookkeeping entry that triggers an increment in assets or a decrement in liabilities on a corporation's financial statement.

Accounts Receivable

Funds that are due to a company from its customers for goods or services delivered on credit.

Fees Earned

Revenue earned from providing services to clients or customers, typically recorded in the accounting period when the services are rendered.