Any company with assets of more than $5 million and at least 500 shareholders is subject to the
reporting requirements of the Securities Exchange Act of 1934.
Indicate whether the statement is true or false
TRUE
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Compare and contrast the effect on net income, cost of goods sold, and inventory of the FIFO, LIFO, and weighted-average cost flow assumptions
Drew is an officer of Energy Fuel, Inc. Drew knows that an Energy engineer recently developed a new, inexpensive method for converting hydrogen into fuel. Drew takes advantage of this information to buy Energy stock from Gert and, after the discovery is announced, to sell the stock to Holly at a profit. Gert claims that this is a violation of federal law. Is Gert correct? If so, what federal law has Drew violated, and what are its possible penalties?
What will be an ideal response?
Suppose the spot quote on the euro is $0.9302-18, and the spot quote on the Swiss franc is $0.6180-90. What is the direct spot quote for the Swiss franc in Frankfurt?
What will be an ideal response?
MoneyMaker Toy Company violated the safety standards set forth by the Consumer Product Safety Commission when it produced a toy gun that caused injury to hundreds of children. Because of MoneyMaker's actions
A. the CPSC can impose civil penalties on the company. B. the CPSC can impose criminal penalties on the company. C. users can sue for damages, including attorney's fees, if MoneyMaker knew it was violating a consumer product safety rule when it produced the guns. D. All of these are correct.