When a company sells stock to the general public for the first time, it is called an initial public offering
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Initial public offering is the name given to a company's first-time sale of its stock to the general public.
You might also like to view...
According to the Small Business Administration, as of 2014, 52 percent of small businesses were
A. portfolio-based. B. home-based. C. nonprofit making. D. serial ventures. E. corporate ventures.
In a case of personal injury due to an accident, the statute of limitations begins to "run" at the time the accident occurs
Indicate whether the statement is true or false
Which of the following is a partnership for a limited purpose?
a. A limited liability partnership b. A single partnership c. A limited liability company d. A joint venture
Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was $36,000. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The company's price-earnings ratio for Year 2 is closest to:
A. 0.58 B. 11.00 C. 5.18 D. 7.14