Which of the following is true of the Division of Market Regulation?
A) Accountants, lawyers, financial officers, and underwriters all rely heavily on advice from this division.
B) This division reviews all registration statements, prospectuses, and quarterly and annual reports of corporations, as well as their proxy statements.
C) It can recommend to the full commission the suspension of an exchange for up to three years.
D) It seeks to discourage manipulation or fraud in the issuance, sale, or purchase of securities.
D
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Comet Company prepares monthly income statements. A physical inventory is taken only at year-end; hence, month-end inventories must be estimated. All sales are made on account. The rate of markup on cost is 50 percent. The following information relates to the month of May: Accounts receivable, May 1 ............................ $20,000 Accounts receivable, May 31
30,000 Collection of accounts receivable during May .......... 50,000 Inventory, May 1 ...................................... 36,000 Purchases of inventory during May ..................... 32,000 The estimated cost of the May 31 inventory is a. $24,000. b. $28,000. c. $38,000. d. $44,000.
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,140. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,060, and the actual manufacturing overhead was $359,140. The predetermined overhead rate for the year must have been closest to:
A. $15.43 per direct labor-hour B. $14.96 per direct labor-hour C. $15.17 per direct labor-hour D. $15.30 per direct labor-hour
The extreme use of color, complicated symbols and art techniques, and unusual combinations of typefaces, should be avoided because they can distract and bury relevant data
Indicate whether the statement is true or false
Homogeneous shopping products need
A. widespread distribution with assurance of preferred display. B. widespread distribution at low cost. C. widespread distribution near probable points of sale. D. enough exposure to facilitate price comparison. E. None of these answers is correct.