Federal regulation of the sale of securities is based on the:
A) Securities Act of 1933 and the Securities Exchange Act of 1934
B) Securities Act of 1933 and the Federal Trade Act of 1936.
C) Federal Trade Act of 1936 and the Blue Sky Act of 1933.
D) Fair Stock Act of 1932 and the Investment Securities Act of 1934.
A
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Net income divided by average common stockholders' equity is the calculation for the
a. ratio of net sales to assets. b. return on total assets. c. return on common stockholders' equity. d. earnings per share.
Barton Resort incurred the following costs to acquire and prepare land during 2015 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000 . How much should Barton record in the Land Improvements account?
a. $30,000 b. $40,000 c. $60,000 d. $90,000
Which of the following is a disadvantage of franchising?
A. It doesn’t ensure consistent product quality. B. It hinders companies ability to engage in global strategic coordination. C. It involves high development costs and risks. D. It enables the company to collect all the profits made by the franchisees. E. It frees companies from the task of monitoring and assisting operations at franchisees.
Legal expenses are reviewed by auditors for possible litigation and related FAS 5 treatment
a. True b. False Indicate whether the statement is true or false