Which statement is true concerning IFRS?
A. IFRS will change the way transactions are recorded.
B. IFRS will change the format of the trial balance.
C. IFRS will cause companies to report less profit than under U.S. GAAP.
D. IFRS may differ somewhat in principles from U.S. GAAP.
Ans: D. IFRS may differ somewhat in principles from U.S. GAAP.
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Which of the following is false about JP Morgan?
A) the CEO believes we will have a goldlilocks recovery B) the CEO recently had heart surgery C) they have stopped the quarterly dividend D) They refer to their balance sheet as a "fortress" E) They are suspending stock buybacks
Under Regulation D of the Securities Act of 1933, which of the following conditions apply to private placement offerings? The securities
A. Cannot be sold for longer than a 6-month period. B. Cannot be the subject of an immediate unregistered reoffering to the public. C. Must be sold only to accredited institutional investors. D. May be sold to no more than 20 purchasers who are not accredited investors.