Which statement appropriately explains the meaning of "publicly accountable enterprise"?
A)Firms without equity, debt or other securities traded in public markets.
B)Firms with equity, debt or other securities traded in public markets.
C)Firms with assets and liabilities that provide goods and services in public markets.
D)New firms entering the public markets to provide goods and services.

Question

Quizplus · Accepted Answer

A publicly accountable enterprise refers to a company that has equity, debt, or other securities traded in public markets. These companies are required to follow certain accounting standards and disclosure requirements to ensure transparency and accountability to their shareholders and stakeholders.

Which Statement Appropriately Explains the Meaning of "Publicly Accountable Enterprise