Which of the following statements concerning the prospectus required by the Securities Act of 1933 is true?
A. The prospectus is a part of the registration statement.
B. The prospectus should enable the SEC to pass on the merits of the securities.
C. The prospectus must be filed after an offer to sell.
D. The prospectus is prohibited from being distributed to the public until the SEC approves the accuracy of facts embodied therein.
Answer: A. The prospectus is a part of the registration statement.
You might also like to view...
Alex had been rehearsing the class presentation of his term projects. On the day, he was surprised to discover that his presentation was so much better than the practice runs in his dorm room. What was the most likely cause for this?
A) Alex knew the material well. B) Alex had memorized his ?lines? thoroughly. C) His girlfriend sat in on the class to encourage him. D) The presentation counted for 50% of his grade in the class.
During the current year, the assets of Quality Stairs increased by $175,000 and the liabilities decreased by $15,000. If the owners' equity in the business is $475,000 at the end of the year, the owners' equity at the beginning of the year must have been:
A. $335,000. B. $285,000. C. $665,000. D. $615,000.