Which of the following can be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933?
A) the nolo contendere rule
B) the due diligence defense
C) the Ultramares doctrine
D) the foreseeability standard
B
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Market skimming makes sense when a product's quality and image support its higher price, and enough buyers want the product at that price
Indicate whether the statement is true or false
Orange Inc, a cell-phone manufacturer, is an all equity firm. At the end of the current year, the CFO expects EBIT to be $100 and the same earnings are expected annually in perpetuity
The company is not growing so CAPEX and investments in net working capital are zero. The cost of equity for Orange is 10%. Orange's prime competitor is Verge Inc, manufacturer of the Blueberry smartphone. Verge is identical to Orange Inc in every respect except that Verge has $130.44 of long term debt outstanding. What is the value of Verge Inc? The corporate tax rate is 40%. A) $500 B) $600 C) $630 D) $652 E) $1,000
The first release of a software product typically meets all its users' expectations
a. True b. False Indicate whether the statement is true or false
It is usually acceptable to provide written notice of bad news to external partners
What will be an ideal response?