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
e
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When using the indirect method, how is the issuing of stock for cash shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Non cash investing and financing activity
Conceptually, all liabilities should be reported on the balance sheet at
A) the present value of the future outlays they require. B) their maturity value. C) face amount. D) their current cash equivalent amount.
The team at TeleCorp was very impressed by their competitor’s most recent release. They found it intriguing and are worried about some of their current customers switching services since they do not have a comparable product. They have begun doing their own research in this new field and thinking about how to create their own offering. What stage of the change process are they in?
a. commitment b. resistance c. denial d. exploration
Ransom, Inc. budgets direct materials cost at $1.10/liter and each product requires 4 liters per unit of finished product. April's activities show usage of 832 liters to complete 196 units at a cost of $798.72. Compute the direct materials price and quantity variances. Indicate if the variance is favorable or unfavorable.
What will be an ideal response?