K Definition

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K as the fifth letter of a Nasdaq stock symbol indicates that the issue has no voting rights.

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LARGE-CAP is a stock with a level of capitalization of at least $5 billion market value.

MANAGEMENT REPRESENTATION LETTER is a letter addressed to the auditor, signed by the client's chief executive officer and chief financial officer. During an audit, management makes many representations to the auditor. Written representations from management in the letter confirm oral representations given to the auditor, document the continuing appropriateness of such representations, and reduce the possibility of misunderstanding.

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