Which Act did Congress pass in 1933 that required companies to register securities and provide financial statements and other information to buyers before their sale?
A. The Securities Act
B. The Securities Exchange Act
C. The Sarbanes-Oxley Act
D. The Uniform Securities Act
Answer: A. The Securities Act
Business
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The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70. If the APR is 14.2%, what is the maximum initial purchase that Carla can buy on credit?
a. 1,006.90 b. 1,300.00 c. 1,455.08 d. 1,184.75 e. 1,228.46
Business
Notes payable:
A. Is a current liability account. B. Usually has a debit balance. C. Is a non-current liability account. D. Cannot determine its classification without additional information.
Business