Nouveau Riche Corporation's officers, directors, and shareholders buy and sell securities. SEC Rule 10b-5 applies to
a. only the purchase or sale of a security by a financial corporation.
b. only the purchase or sale of a security involving an officer or director.
c. only the purchase or sale of a security involving a shareholder.
d. the purchase or sale of any security.
d
You might also like to view...
An oil well cost $2,050,000 and is calculated to hold 290,000 barrels of oil. There is no residual value. Which journal entry is needed to record the expense for the extraction of 53,000 barrels of oil during the year? All 53,000 barrels were sold during the year. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) Depletion Expense - Oil Reserve 374,710 Accumulated Depletion - Oil Reserve 374,710 B) Depletion Expense - Oil Reserve 374,710 Oil Revenue 374,710 C) Cost of Goods Sold - Oil Reserve 374,710 Accumulated Depletion - Oil Reserve 374,710 D) Oil Reserve Inventory 374,710 Accumulated Depletion - Oil Reserve 374,710
Real property held for investment is a capital asset.
Answer the following statement true (T) or false (F)
Which of the following is false in regards to direct materials for an auto manufacturer?
A) Steel would probably be a direct material. B) Upholstery fabric would probably be a direct material C) Oil to lubricate factory machines would not be a direct material. D) Small plastic clips to hold on door panels, because they become part of the auto, must be accounted for as direct materials.
To create an enforceable security interest between Finance Corporation and Global Trade Inc. with a written security agreement, the agreement must contain a description of
A. the debtor. B. the creditor. C. all of the choices. D. the collateral.