Which of the following statements is not true about a public offering?
a. The issuer files a registration statement with the SEC.
b. The issuer files a prospectus with the SEC.
c. Company officers may make public statements about the offering before the stock is sold.
d. Company officers may make public statements about the offering after the stock is sold.
e. The issuer may solicit offers for the stock before the effective date.
.C
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A(n) ________ is an example of equity securities.
A) preferred stock B) municipal bond C) corporate bond D) Treasury bill
Why is it important to have an understanding of stress in the workplace?
What will be an ideal response?
If an organization is awakened to the need for corporate citizenship, it is typically in which phase of corporate citizenship?
A. elementary B. engaged C. innovative D. integrated
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the initial value method is applied.?How much does Pell record as Income from Demers for the year ended December 31, 2021?
A. $98,400. B. $56,000. C. $97,000. D. $48,000. E. $50,400.