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Question
Statement I: A public company is required to publish and file its accounts.
Statement II: It is very easy to maintain business secrets.
Options
Only I is correct.
Only II is correct.
Both I and II are correct.
Both I and II are wrong.
MCQ
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Solution
Only I is correct.
Explanation:
Statement I is correct because a public company is required to publish and file its financial statements in order to maintain legal transparency and protect shareholders.
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