Criminal liability for accountants
A. is not an option under securities law; there is only civil liability.
B. is possible under the Securities Act of 1933, the 1934 Act, state securities laws, and the Internal Revenue Code.
C. may result in fines but not imprisonment from violation of the federal securities laws.
D. will result from violation of the accountant-client privilege under federal law.
Answer: B
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Answer the following statement true (T) or false (F)
Which of the following is true?
a. The sale of stock to stockholders is an investing activity. b. The repurchase of stock from stockholders is an investing activity. c. The declaration of stock dividends is a financing activity. d. The payment of cash dividends is a financing activity.
Reinegar Corporation is planning two new issues of 25-year bonds. Bond Par will be sold at its $1,000 par value, and it will have a 10% semiannual coupon. Bond OID will be an Original Issue Discount bond, and it will also have a 25-year maturity and a $1,000 par value, but its semiannual coupon will be only 6.25%. If both bonds are to provide investors with the same effective yield, how many of the OID bonds must Reinegar issue to raise $3,000,000? Disregard flotation costs, and round your final answer up to a whole number of bonds.
A. 4,228 B. 4,337 C. 4,448 D. 4,562 E. 4,676
Answer the following statements true (T) or false (F)
The stock market shows that people are willing to contract privately for information about a firm.