The Securities Exchange Act of 1934
A) requires full disclosure of information on all new security issues.
B) authorized the SEC to regulate mutual funds.
C) established trade associations such as the NASD.
D) created the SEC as the regulator of the securities exchanges.
Answer: D
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Which of the following statements is false with regard to storage?
a. Storage refers to the warehousing function that organizations use. b. Outbound storage refers to the storage of products and services after production and prior to shipment to customer. c. Each manufacturer may have multiple storage facilities. d. Only the primary firm (not first- or second-tier suppliers) have storage facilities.
You are reviewing the accounting records of Buddy's Foreign Automotive, owned by Bruce Jones, its sole stockholder. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each.1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was
recorded as revenue. The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?
Unauthorized signatures are generally binding on the person whose name appears on the instrument
Indicate whether the statement is true or false
A speaker cannot control voice qualities, such as tone and pitch
Indicate whether the statement is true or false