What state laws prevent corporations from issuing worthless securities?
a. Securities Act of 1933
b. blue-sky laws
c. freedom of information laws
d. Maloney Act
e. Securities Investor Protection Insurance Corporation
b. blue-sky laws
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Which of the following statements is true?
a. Most financial statement frauds occur in large historically profitable companies. b. Most people who commit management fraud are first-time offenders. c. An active board of directors or audit committee does little to deter fraud. d. Perpetrating fraud is much easier in an organization with democratic leadership, where the decision making is spread among several individuals.
Susan Hart, the manager of a children's boutique, collects data from her monthly records of sales, costs, and cash flow. In this case, Susan is making use of ________ databases
A) external B) secondary C) historical D) internal E) dialog
On December 31, a business estimates depreciation on equipment used during the first year of operations to be $2,900 . (a) Journalize the adjusting entry required on December 31 . (b) If the adjusting entry in (a) were omitted, which items would be erroneously stated on (1) the income statement for the year and (2) the balance sheet as of December 31?
What is the minor's duty of restoration in a disaffirmed contract?
What will be an ideal response?