According to the registration requirements of the 1933 Act, a prospectus:
A. is a public offer by a bidder to purchase a target company's equity securities.
B. should include most of the information present in the registration statement.
C. should make forecasts of the annual return on a company's common stocks.
D. should include statements that tout securities.
Answer: B
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FASB board members make standard-setting decisions guided by a conceptual framework that addresses the qualitative characteristics of accounting information. Which of the qualitative characteristics of accounting information holds that the information should be pertinent to the decisions made by users of financial statements, in the sense of having the capacity to affect their resource allocation
decisions? a. Relevance b. Reliability c. Comparability. d. Subjective e. all of the above
If a bank pays on a check after the death of its customer, the customer's estate is not automatically entitled to reimbursement
Indicate whether the statement is true or false
Exemption amounts and itemized deductions are two types of reductions used to calculate taxable income. Which of the following are characteristics of these types of deductions? I. Taxpayers deduct the larger of itemized deductions or the standard deduction. II. Exemption amounts are dependent on amounts of expenditures for dependents. III. Deductions for adjusted gross income are limited to
those incurred in a trade or business, incurred in the earning of income, and certain specifically allowed personal expenses of individuals. a. Only statement III is correct. b. Statements I and II are correct. c. Statements I and III are correct. d. Statements II and III are correct. e. Statements I, II, and III are correct.
The benefits of job sharing include all of the following EXCEPT
A. a way to entice more workers to the organization. B. additional cost benefits to the organization. C. the organization does not have to offer benefits to employees. D. the organization is demonstrating it is concerned about worker safety. E. the organization can tap into a wider array of skills.