Which of the following is something that the plaintiff must prove in order for an accountant to be liable for damages under Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934?
A. The accountant was ordinarily negligent.
B. There was a material omission.
C. The security involved was stock.
D. The security was part of an original issuance.
B. There was a material omission.
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One concern about the long-term storage of records on a medium other than paper is whether the necessary equipment to access and/or read the record will be available
Indicate whether the statement is true or false.c
Which of the following statements is FALSE?
A) A firm's weighted average cost of capital, denoted rwacc, is the cost of capital that reflects the risk of the overall business, which is the combined risk of the firm's equity and debt. B) Intuitively, the difference between the discounted free cash flow model and the dividend-discount model is that in the divided-discount model, a firm's cash and debt are included indirectly through the effect of interest income and expenses on earnings in the dividend-discount model. C) We interpret rwacc as the expected return a firm must pay to investors to compensate them for the risk of holding the firm's debt and equity together. D) When using the discounted free cash flow model, we should use a firm's equity cost of capital.
Round to the tenth place: 639.497
A) 639.0 B) 634.4 C) 639.5 D) 639.49
Answer the following statements true (T) or false (F)
1. In the case of foreign-earned income, U.S. citizens may avoid double taxation of income by both the United States and the host country by utilizing a foreign tax credit or by electing the foreign earned income exclusion. 2. Kelly was sent by her employer to work on a special assignment in Paris for six months. Kelly will be able to exclude some of her income earned in Paris. 3. The tax law encourages certain forms of fringe benefits by allowing employees to deduct the value of the benefit from gross income and allowing employers to exclude the cost. 4. Felice is in the hotel management field. She rents an apartment near the hotel so she can walk to work. She pays $1,000 per month for rent. Felice has just been offered a similar position at a different hotel. The salary will be $14,000 lower, but they do require she live in the hotel to be on call and provide her with suite to live in. Felice has a marginal tax rate of 32%. She will be financially ahead by accepting the new position. 5. Employers must report the value of nontaxable meals and lodging provided to employees on the employees' W-2s at year-end.