Which of the following are basic objectives of the 1933 Securities Act?
A) To provide investors with material information concerning securities offered for sale to the public.
B) To prohibit misrepresentation, deceit, and other fraudulent acts and unfair practices in the sale of securities generally, whether or not they are required to be registered.
C) Both of these.
D) None of these.
C
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For a firm using the indirect method, changes in inventories due to acquisition of another company are not included as part of the inventory adjustment to accrual-basis income.
Answer the following statement true (T) or false (F)
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $186,000 at 15%. The note will be paid in equal annual installments of $49,148, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment
(Round your answer to the nearest whole number.) A) $49,148 B) $21,048 C) $27,900 D) $164,752
Brent and Leigh have been haggling for a long time. Brent agrees to let Leigh have a small percentage off the price, but she does not feel it is enough. Eventually, they both give up something in order to agree on a price, but neither is satisfied with the outcome. This scenario illustrates which concept below?
A. distributive bargaining B. competitive bargaining C. compromise bargaining D. integrative bargaining
Which of the following ratios does NOT measure liquidity?
a. Current ratio b. Quick ratio c. Working capital to total assets d. Debt to equity