The common defense available in a Section 11 action of the Securities Act of 1933 is:
A) The private placement defense.
B) The reasonable person defense.
C) The de facto compliance defense.
D) The no injury to plaintiff defense.
E) The due diligence defense.
E
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The way in which an individual gives meaning to an object, message, or event is referred to as
A) subjective reality B) objective reality C) a halo effect D) perception
The GASB sets accounting standards for all of the following except:
A. Governmentally related not-for-profit universities. B. Nongovernmental not-for-profit hospital. C. Component units owned or controlled by governments. D. State and local governments.
Briefly describe the methods of forecasting future demand on the basis of past sales
What will be an ideal response?
Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves may be installed, then assembles and paint the units. Classify each of the following items of factory overhead as either fixed or variable cost
a. Janitorial service (an outside service, not company employees) b. Supervisor of the Drilling Department c. Oil used to lubricate drill press machines d. Propane for forklift trucks used to move the material from the Drilling Department to the Assembly Department e. Natural gas used to heat the plant f. Security guard g. Drill bits used in the drilling department h. Insurance on factory building i. Electricity to power drill press machines j. Rent of factory building