Under the securities law, liability for misstatements:
a. can be imposed on securities offerors, but not corporate officials
b. cannot be imposed for overly optimistic statements made by executives
c. would not be imposed for misstatements in press releases due to First Amendment protection of media d. none of the other choices
e. can only be imposed by the SEC, not by private party litigation
d
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A company purchased and installed equipment on January 1 at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The equipment was disposed of on July 1 of the fourth year. The company uses the calendar year.1. Prepare the general journal entry to update depreciation to July 1 in the fourth year.2. Prepare the general journal entry to record the disposal of the equipment under each of these three independent situations:a. The equipment was sold for $22,000 cash.b. The equipment was sold for $15,000 cash.c. The equipment was totally destroyed in a fire and the insurance company settled the claim for $18,000 cash.
What will be an ideal response?
Taylor Products Inc has an $5,000 unfavorable flexible budget variance for October. Which of the following statements is true, if October's flexible budget net operating income was $175,000?
A) Taylor's static budget must have showed a net operating income of $180,000. B) Taylor's static budget must have showed a net operating income of $170,000. C) Taylor's actual net operating income must have been $180,000. D) Taylor's actual net operating income must have been $170,000.
What are the four major types of business markets, and what are the characteristics of each?
What will be an ideal response?
ISDN networks
a. are implemented in the same manner in all countries b. provide no advanced features c. will certainly displace all analog lines d. none of the above