Financial statements for public companies such as Qantas Ltd are prepared as frequently as demanded by shareholders. Question 4 Answer True False
Question
Financial statements for public companies such as Qantas Ltd are prepared as frequently as demanded by shareholders.
- Question 4 Answer
- True
- False
Solution
Answer
The statement that financial statements for public companies such as Qantas Ltd are prepared as frequently as demanded by shareholders is False.
Explanation
Public companies are required to adhere to specific regulations and standards regarding the frequency and timing of their financial reporting. Typically, they prepare annual financial statements and quarterly reports. While shareholders can request additional information or clarification, the formal financial statements are not necessarily prepared as frequently as individually demanded by them. They are instead governed by regulatory requirements, ensuring consistency and reliability in reporting for all investors.
Therefore, the correct answer to the question is False.
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