Prospectus Study guides, Class notes & Summaries

Intermediate Accounting 1: Exam 1major financial statements - correct answer BS, IS, SCF, OE, Notes to the FS additional sources - correct answer Presidents Letter, Prospectus, SEC filings, news release, financial forecast, environmental, non financial audience - correct answer Investors and Creditors customers SEC/government agencies employees/unions ratios, future cash flows, investment, management - correct answer investors and creditors look at objective - correct answer ...

Series 79Don’t have to register securities if - correct answer 1. securities are exempt 2. Transaction is exempt C Corp - correct answer Big corp Can file to be public Does not pass through gains & losses to shareholders (pays corporate income tax) Anyone can invest Taxed at favorable rates if held for more than 1 year S Corp - correct answer Small corp Max 100 shareholders Ineligible to list on exchange PAss through gains & losses to shareholders (does not pay cor...

Series 79 Knopman Marks deferred tax asset or liability? Acceleration of revenue for accounting purposes - correct answer Deferred tax liability Source or use of cash? Decrease in accrued liabilities - correct answer Use of Cash Source or use of cash? Improvement in net working capital - correct answer Use of cash Purpose of a Schedule 13F - correct answer A 13F is a quarterly filing by Institutional Investment managers to disclose long equity positions Disclosure document used to g...

TCB wants to offer $57 million worth of common stock in its home state and in three other states. To clear the offer for sale, TCB must file a(n): A) letter of notification. B) registration statement. C) preliminary prospectus. D) offering circular. - correct answerB A generic ad for an investment company placed by a broker-dealer would contain: A) neither the name of the investment company nor the broker-dealer. B) both the name of the investment company and the broker-dealer. C...

1. Which one of the following steps should be taken first in a risk management program? A. Purchasing of adequate insurance B. Conducting of employee safety drills C. Identifying hazards and risks D. Conducting staff in-services on incident reporting and accident prevention. - ANSWER-C. Identifying hazards and risks 2. Which of the following professionals is authorized to dispense medications? A. registered nurse B. licensed nurse, physician and, in some states, medication aide. ...

Series 79 - Final Exams Part 2Which of these tax-advantaged vehicles is most appropriate for hundreds of investors? Master limited partnership Of the options listed, MLPs are most appropriate for lots of investors as they can do a public offering of stock for example, publicly traded private equity firms are MLPs. S-corps are tax-advantaged but are limited to 100 shareholders. C-corps do not offer tax advantages as they pay corporate income tax. REITs are the best answer when referring to re...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

Upon reviewing a list of beneficiaries for an estate what relationship pose a potential conflict? - A current client of the firm in a separate matter. A client demands an answer on short notice about how a recent court decision will impact their ongoing lawsuit on a similar issue. - A lawyer should advise the client in writing that a proper opinion cannot be rendered within the designated timeframe. A real estate lawyer who is acting for purchaser and lender learns of an addendum to the pri...

WGU C214 OA FINANCIAL MANAGEMENT LATEST EXAM QUESTINS AND ANSWERS ALREADY GRADED A+ BY EXPERTISE. Some analysts argue that the expense of SOX in both time and money has caused the number of public firms in the US to decrease. - ANSWER- True Which of the following committees was created as a direct result of the Dodd Frank Act? - ANSWER- Financial Stability Oversight Council A prospectus is separate from the SEC filing. - ANSWER- False What is the primary objective of the SEC? - ANSWER- ...

Business Law for Accountants - D216 Western Governors University WGU Final guide with complete soluti Scienter Answer - A person has knowledge of wrongdoing and intent of wrongdoing Sox act of 2002 Answer - created the public company accounting oversight board, It states high level managers (CFO, CEO, Senior roles) must maintain an effective system of internal controls. Internal controls get checked by senior management annually Outside Directors Answer - oversee the accounting process...