An accountant is not liable for an omission in a registration statement to a purchaser of securities if the omission had no causal connection to the purchaser's loss
Indicate whether the statement is true or false
T
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Both U.S. GAAP and IFRS permit considerable flexibility with respect to the display of information in the statement of cash flows. If the firm uses the direct method of reporting cash flows from _____ activities rather than the indirect method, it must also provide a separate reconciliation of net income to cash flows from _____
a. operating; operating b. financing; financing c. investing; investing d. operating, investing; and financing; operating, investing; and financing; e. none of the above
________ was sued by the Justice Department for violating antitrust laws in connection with e-books.
A. Amazon B. Google C. Apple D. Barnes & Noble
McGrath Corporation recently issued 210-day commercial paper with a face value of $1,500,000 and a simple interest rate of 13 percent. The company paid a transaction fee equal to 0.3 percent of the issue, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what are the commercial paper's annual percentage rate (APR) and effective annual rate (rEAR), respectively? (Round your answer to two decimal places.)
A. 13.75% and 14.04% B. 14.20% and 14.74% C. 13.97% and 14.23% D. 14.67% and 15.12% E. 14.01% and 14.35%
Crane Industries Inc. has outstanding borrowings that include preferred stock. One of these borrowings is (nonconvertible) preferred stock (cumulative) with a par value of $250 and an annual dividend rate of 8.25%
This preferred stock is currently selling for $260 per share. What is the yield or return on this nonconvertible preferred stock? What will be an ideal response?