Help with accountancy homework.

[Hellocatshome]

So the question is:

True or False, Public Liability Companies sell their shares to the public via the Stock Exchange.

I said true the answers in the back of the book say false. I've reread the book and googled and still think true.

Where am I going wrong?

Being a PLC means they can list, it doesn't mean they are listed.

https://uk.practicallaw.thomsonreuters.com/4-107-7082?transitionType=Default&contextData=(sc.Default)&firstPage=true

Thank you. So how would you answer the question when your only answers available are true or false?

False

It would be true if it was worded 'PLC's CAN sell their shares...'

I'm a very nearly chartered accountant and checking and double checking the wording of questions is super important as it's not unusual for one word to make all the difference.

Thank you. You are right I think this was a comprehension problem on my part rather than anything else. I'm not even trying to be an accountant this is just one little module in a different qualification and its driving me nuts.

What's a public liability company? Do you mean a public limited company?

Yes autocorrect is not my friend.