Under the Securities Exchange Act of 1934, a 10-K annual report:
A. must include audited financial statements for the fiscal year and current information about the conduct of business.
B. requires only summarized and unaudited figures on capitalization and shareholders' equity.
C. is required within 15 days of the end of any month in which any specified event occurs.
D. must include only a summarized and unaudited operating statement.
Answer: A
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A) $(93,750). B) $12,500. C) $93,750. D) $100,000.
Mike's organization manages the logistics for a petroleum company. Last month, one of its tankers spilled about one hundred tons of oil in the ocean while transporting it
Mike meets with a lawyer to understand his organization's liability in the accident, and he is relieved to hear that all the damages have to be paid by the petroleum company. Which of the following statements best describes the conclusion in this scenario? A) Mike's firm is liable for the damages and must pay the company. B) Mike's firm is partially responsible for the damages. C) Mike's firm is not responsible for the damages. D) Mike's firm is solely responsible for the damages.
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Indicate whether the statement is true or false