An issuer who plans on raising $1 million or less from the public must answer the questions on Form U-7, which then becomes the offering circular that must be given to prospective investors
Indicate whether the statement is true or false
TRUE
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The sorting process helps final consumers through _____
a. providing credit terms on purchases b. enabling one-stop shopping c. providing important product-based information d. enabling consumers to purchase goods through direct marketing
Flora's Flower Market sells eight potted petunias to a customer for $50.00, plus 5% sales tax. Flora's will recognize $52.50 in sales revenue.
Answer the following statement true (T) or false (F)
Vogel bought aphone made by WiFi Communications, Inc Three months later, after recharging the battery through a power jack, Vogel picked up the phone only to have it ignite in his hand. Suffering a severe burn, Vogel filed a suit against WiFi, alleging
that a design defect in the phone weakened the connection between the power jack and the motherboard, causing the wiring to overheat and creating an unreasonable safety hazard.Could Vogel succeed on his strict product liability claim? Explain.
On January 2, 20X5, Park Co. purchased 10 percent of Sky, Inc.'s outstanding common shares for $400,000. Park is the largest single shareholder in Sky, and Park's officers are a majority on Sky's board of directors. As a result, Park is able to exercise significant influence over Sky. Sky reported net income of $500,000 for 20X5, and paid dividends of $150,000. In its December 31, 20X5, balance sheet, what amount should Park report as investment in Sky?
A. $400,000 B. $450,000 C. $435,000 D. $385,000