What can a couple seeking to get out of debt do?
A) Avoid future use of credit card debt, except on a emergency basis.
B) Use savings to pay off current debt.
C) See if their creditors will restructure their loans.
D) Seek help from a reputable credit counselor.
E) All of the above are correct.
Answer: E
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According to the Securities Act of 1933, which of the following statements is correct regarding an issuer of securities?
A. All securities issuers must provide potential investors with a prospectus containing specified information. B. An issuer is permitted to advertise an initial offering of securities only through distribution of the prospectus. C. All securities issuers must register the securities offering with the Securities and Exchange Commission (SEC). D. If an issuer sells a security and fails to meet certain disclosure requirements, the purchaser may sell it back to the issuer and recover the price paid.
Which of the following statements is FALSE?
A) The lease-equivalent loan is the loan that is required on the purchase of the asset that leaves the purchaser with the same obligations as the lessor would have. B) Lease obligations themselves could trigger financial distress. C) When a firm enters into a lease, it is committing to lease payments that are a fixed future obligation of the firm. D) When a firm leases an asset, it is effectively adding leverage to its capital structure (whether or not the lease appears on the balance sheet for accounting purposes).