Which of the following is true of Small Company Offering Registration (SCOR) forms?
A) SCOR forms can only be used for raising more than $1 million through sale of securities.
B) SCOR forms are available to both domestic and foreign companies.
C) SCOR forms that have been completed act as the offering circular for potential investors.
D) SCOR forms have to be completed by the issuee before purchasing securities.
C
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Smith reported the following for 2012. Beginning market price $20.00 Average market price 24.00 Ending market price 26.00 Earnings per share: Basic 1.80 Diluted 1.60 Cash dividends per share 1.00 The price earnings ratio and dividend payout were:
a. 16.25 and 62.50%. b. 16.25 and 65.00%. c. 17.00 and 62.50%. d. 15.00 and 62.50%. e. 15.00 and 60.00%.
Which of the following is not considered a selling expense?
a. Cost of goods sold b. Sales salaries expense c. Freight-out expense d. Insurance on the sales office
Under a capital lease, each monthly payment is debited by the lessee to Rent Expense
Indicate whether the statement is true or false
Discuss whether alternative accounting policies have a systematic effect on security prices and what this implies about the information content of accounting policy changes. Include a discussion of previous research in this area.
What will be an ideal response?