The sale of "used" securities, where the financial asset is being traded from one individual to another and the proceeds do not go to the original issuer of the security, is said to take place in the ________ market

Operating losses incurred during the start-up years of a new business should be

a. accounted for and reported like the operating losses of any other business. b. written off directly against retained earnings. c. capitalized as a deferred charge and amortized over five years. d. capitalized as an intangible asset and amortized over a period not to exceed 20 years.

Which of the following statements is true?

A. The Securities Exchange Act of 1934 regulates intrastate stock offerings made by a company. B. The Securities Act of 1933 regulates the subsequent public trading of securities through brokers and markets. C. The Securities Exchange Act of 1934 is commonly referred to as blue sky legislation. D. The Securities Act of 1933 regulates the initial offering of securities by a company.