Which of the following does not, by itself, subject a corporation to the reporting requirements of

the Securities Exchange Act of 1934?

A) Assets of at least $5,000,000 and more than 500 shareholders
B) Making a registered offering under the Securities Act of 1933
C) Sales of a least $1,000,000 and more than 1,000 shareholders
D) Equity securities are traded on a national exchange


C

Business

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Provide journal entries to close the Income Summary account and the Dividends account. Omit explanations.

An adjusted trial balance for a merchandiser is given below.

Business

An increased product variety offering is associated with all of the following except?

a. Reduced production speed b. Decreased need for special-purpose equipment c. Reduced production output levels d. Increased need for employees with greater skill sets

Business

A forecast based on the previous forecast plus a percentage of the forecast error is a(n):

A) qualitative forecast. B) naive forecast. C) moving average forecast. D) weighted moving average forecast. E) exponential smoothing forecast.

Business

All of the following are methods that a property and liability insurance company can use to protect against catastrophic losses EXCEPT

A) sale of catastrophe bonds. B) purchase of common stock. C) purchase of excess-of-loss reinsurance. D) quota share reinsurance with a low retention percentage.

Business