In the event that the SEC staff believes that a prospectus that has been submitted for review does not adequately explain the high-risk factors of an offering, it can:
a. do nothing so long as the required elements have been provided
b. issue a deficiency letter delaying the offering until more detail is provided c. obtain a Commission order barring the sale of the security
d. obtain a court order barring the sale of the security e. require shelf registration proceedings to begin
b
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Beta, Inc had $10,000 of notes payable coming due on January 10, 2016. As of December 31, 2015, Beta was negotiating with the lender to extend the due date of the note by two additional years. On January 5, 2016, the company used $2,000 of excess cash to pay off part of the note. On January 8, 2016, the refinancing was completed, the $2,000 payment was refunded and added back to the note balance,
and the note was extended for another two years. On Beta's December 31, 2015 balance sheet, which was issued on April 1, 2016, how much of the $10,000 note should be shown as current? A) $10,000 B) $0 C) $8,000 D) $2,000
Identify the two reliability tactics and the two maintenance tactics
What will be an ideal response?
Liquidated damages:
a. must be reasonably related to actual losses that could be suffered b. need not be related to actual losses that could be suffered c. must be less than the actual losses that could be suffered d. are usually much higher than the actual losses that could be suffered e. are only available in some states
What is a key characteristic of a dedicated line versus a switched line?
A) requires fiber optic media B) used only for transactions within a single building C) provides a direct transmission between sender and receiver D) all of the above