A publicly held corporation is one that is both (a)owned by at least 50 shareholders and (b)required to register under the Federal Securities and Exchange Act of 1934.

Question

Quizplus · Accepted Answer

A publicly held corporation is defined by its shares being available to the public through a stock exchange or over-the-counter market, not by the number of shareholders or specific registration requirements under the Federal Securities and Exchange Act of 1934.

A Publicly Held Corporation Is One That Is Both (A)owned