A private company is different from a public company because?

Accounts - Principles of Accounts JAMB 2006

A private company is different from a public company because?

  • it does not restrict the right to transferits shares
  • it cannot invite members of the public to subscribe for its shares checkmark
  • its shares are owned by one person
  • it can only offer its shares to members of the publicfor subscription

The correct answer is: B

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