The accounting information of a privately held company is generally available to all of the following except for A. Competitors.
What is a privately held company?
A privately held company is a private company.
It does not sell its stock or shares to the public.
Examples of privately held companies include:
- Sole proprietorships
- Limited liability corporations (LLCs)
- S corporations (S-corps)
- Some C corporations (C-corps).
Thus, the accounting information of a privately held company is generally available to all (governmental agencies, investors, creditors, and lenders) except for A. Competitors.
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