There Is Little Privacy for a Director of a Public

question 25

True/False

There is little privacy for a director of a public corporation, insofar as that director's personal trading in the shares of his or her own company will be a matter of public record.

---

Definitions:

Accounting Equation

The fundamental equation that ensures the balance of a company's financial records: Assets = Liabilities + Equity.

Uncollectible Accounts

Accounts that are considered to be uncollectable due to the debtor being unlikely to pay, also known as bad debt.

Notes Receivable

This refers to promissory notes that are receivable by a business, representing amounts due from others that they have promised to pay within a specific period.

Interest Revenue

Income earned by a company or individual from lending money or making investments that pay interest.