Give three reasons why some private companies haven’t adopted the private companies GAAP.
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Give three reasons why some private companies haven’t adopted the private companies GAAP.
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- Explain the difference between a privately owned and a publicily owned company?Which of the following Is not required to use IFRS? Multiple Choice O Publically traded company O Crown corporation Private enterprisePrivate companies are not under Sarbanes-Oxley. Why do some private companies follow the law?
- What is the difference between a public and a private corporation? Provide an example of each.Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a company?What are the differences in whether a limited liability company is member-managed or manager-managed? Does the election of one form of management create a difference in the fiduciary duties of members of a limited liability company? Explain your answer.