Who would have standing to bring a civil suit under section 10(b)?
A) Purchaser of shares
B) Contractor with firm who loses business
C) Person who refrained from buying because of overly pessimistic information
D) Person who refrained from selling because of overly optimistic information
E)All of the above
A
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Keith and Jim are partners. Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000. Jim sells $15,000 of his ownership to Bill. Which of the following is TRUE of the journal entry to admit Bill?
A) Bill, Capital will be debited for $17,000. B) Jim, Capital will be debited for $17,000. C) Jim, Capital will be credited for $15,000. D) Bill, Capital will be credited for $15,000.
The decision made by a/an ______ is legally binding for all parties.
A. mediator B. arbitrator C. intermediary D. conciliator
________ requires that any profits made by a statutory insider on transactions involving short-swing profits belong to the corporation
A) Section 5 of the Securities Act of 1933 B) Section 12 of the Securities Act of 1933 C) Section 16(b) of the Securities Exchange Act of 1934 D) SEC Rule 10b-5
Which of the following statements is (are) true regarding the results of the 2014 study by the Life Insurance Market Research Association (LIMRA) on the adequacy of life insurance owned by households in the United States?
I. The average household is adequately insured against the risk of premature death. II. The average household is significantly underinsured against the risk of premature death. A) I only B) II only C) both I and II D) neither I nor II