Quoted Companies: Definition, Features, And Examples - SS2 Accounting Past Questions and Answers - page 1
What is another term for quoted companies?
Publicly traded companies
Private companies
Sole proprietorship
Which of the following is a requirement for quoted companies in Nigeria?
They are not allowed to trade their shares on a stock exchange
They do not have to publish financial statements
They are required to follow strict reporting and disclosure requirements
Which regulatory body oversees quoted companies in Nigeria?
Nigerian Stock Exchange
Central Bank of Nigeria
National Bureau of Statistics
Which of the following is an example of a quoted company in Nigeria?
Coca-Cola Nigeria Limited
Dangote Cement Plc
MTN Nigeria Communications Plc
What do shareholders do with shares of a quoted company?
Hold onto them indefinitely
Buy and sell them on the stock exchange
Donate them to charity
What is a quoted company and how does it differ from a private company?
A quoted company is a business that has issued shares of stock to the public and is traded on a stock exchange. It is required to follow strict reporting and disclosure requirements and is subject to regulation by the Nigerian Stock Exchange and the Securities and Exchange Commission. In contrast, a private company is owned by a small group of shareholders and is not publicly traded on a stock exchange.
Why are quoted companies required to publish financial statements and other relevant information to the public?
Quoted companies are required to publish financial statements and other relevant information to the public to provide transparency for investors. This allows investors to make informed decisions about whether to buy or sell shares in the company and helps to maintain the integrity of the stock market.