Acme Life Insurance Co is in the business of selling life insurance and related products. It is
also a corporation. Acme is considering taking several possible actions.
Which of these actions
would be subject to the registration requirements of the 1933 Securities Act?
A) Acme reorganizes itself, and exchanges one class of common stock for another class
B) Acme issues a life insurance contract
C) Acme splits its common stock two for one
D) Acme issues new preferred stock
D
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The social comparison process, as delineated by Festinger, postulates that individuals have the need to evaluate themselves and to assess their relative standing within ______.
*a. groups b. societies c. family d. organizations
Mildred is attempting to prepare an optimal quantity of macaroni and cheese for the potluck supper this Sunday. The instructions indicate that one cup of water is needed for each box she needs to prepare
She sleeps well on Saturday night, secure in her knowledge that she knows the precise amount of water she will need the next day. This knowledge illustrates the assumption of ________. Fill in the blank with correct word.
Rex, an accountant, enters into a contract to provide services to Sofi. Rex does not finish the work within the contract's deadline. Sofi pays a penalty for the missed deadline and hires Trey to complete the job. Rex is most likely liable for
A. nothing. B. Sofi's penalty and the cost to hire Trey. C. Sofi's penalty only. D. the cost to hire Trey only.
Stockinger Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$280,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$580,000 Annual cash operating expenses$420,000 Working capital requirement$30,000 One-time renovation expense in year 3$80,000 The company's income tax rate is 30% and its after-tax discount rate is 11%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The total cash flow net of income
taxes in year 3 is: A. $80,000 B. $48,000 C. $128,000 D. $77,000