During 2011, Bedford Technology sold ordinary share for the first time to whoever wanted to buy it.This was the ____ for Bedford.

Question

Quizplus · Accepted Answer

The sale of ordinary shares for the first time to the public is known as an initial public offering (IPO). Therefore, the best choice is C. A public stock sale (A) is a general term and could refer to any type of public stock offering, while a preferred stock offering (B) is a different type of stock than ordinary shares. A stock dividend (D) is a distribution of additional shares to existing shareholders, and par value (E) refers to the nominal value assigned to a share by a company.

During 2011, Bedford Technology Sold Ordinary Share for the First