In order to be actionable under Rule 10b-5, misstatements or omissions must be made with:
a. negligence.
b. lack of due care.
c. scienter.
d. recklessness.
c
You might also like to view...
Management may feel pressure to maintain debt covenants, which is a deterrent to fraud
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. When stock is issued for assets other than cash, the transaction is always recorded at the market value of the stock issued. 2. When stock is issued for assets other than cash, the transaction is recorded at the market value of the stock issued or the market value of the assets received, whichever is more clearly determinable. 3. Preferred Stock is included in the long-term assets section of the balance sheet. 4. If preferred stock is issued for an amount above the par value, the amount of the par value times the number of shares issued is credited to Paid-In Capital in Excess of Par—Preferred. 5. Preferred Stock is included in the stockholders' equity section of the balance sheet and is often listed after Common Stock.
A sinking fund refers to funds allocated to gradually retire a bond issue over time
Indicate whether the statement is true or false.
Mortgage lenders played a large role in starting the "Great Recession."
Indicate whether the statement is true or false