Three ways that savings can be transferred through the financial markets to those in need of funds
include direct transfers, indirect transfers using the investment banker, and indirect transfers using
the financial intermediary.
Indicate whether the statement is true or false
TRUE
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Assigning of the lower-of-cost-or-market to the items that comprise the inventory of merchandise at the end of the account period is an application of which of the following concepts?
a. materiality b. conservatism c. reliability d. full disclosure
Cirque Du Soleil claims that they didn't reinvent the circus, they simply repackaged a way of presenting the circus show in a much more modern way
Indicate whether the statement is true or false
Prinkle Corporation purchased equipment for $60,000 on January 1, 2016. On December 31, 2018, the equipment was sold for $28,000. Accumulated Depreciation as of December 31, 2018 was $31,000
Calculate gain or loss on the sale. A) $1,000 gain B) $1,000 loss C) $31,000 loss D) no gain no loss
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. require shelf registration proceedings to begin c. obtain a Commission order barring the sale of the security d. obtain a federal court order barring the sale of the security e. none of the other choices