A private-placement memorandum is:
a. a notice to the SEC about a non-registered security sale that is occurring
b. a contract signed by the buyer of an unregistered security in which they recognize they are buying risky, unregistered securities
c. a notification to stock brokers about the availability of an unregistered stock offering
d. a note placed in the permanent files of an unregistered security offering detailing the offer e. none of the other choices
e
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Using the accrual basis of accounting to measure net income creates the need for a separate financial statement that reports the impact of operations on cash flows
Indicate whether the statement is true or false
Super-variable costing is most appropriate where:
A. it is easy to accurately separate the variable and fixed components of manufacturing overhead. B. manufacturing overhead consists entirely of variable cost. C. direct labor is a fixed cost. D. direct labor is a variable cost.
It is expected that by 2019, mobile commerce will account for about one-third of all e-commerce in the retail and travel industries
Indicate whether the statement is true or false
If a coin is tossed three times, the likelihood of obtaining three heads in a row is _____
a. 0 b. .500 c. .875 d. .125