Which of the following is true of registration statements?
A) They must be accompanied by financial statements certified by certified public accountants.
B) Once submitted, they cannot be amended.
C) The SEC judges the merits of the securities based on the registration statement.
D) They need not reveal how a company plans on using the proceeds from the offering.
A
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Indicate whether the statement is true or false
An inconsistency in accounting theory can occur because
A) internally developed goodwill is expensed, while purchased goodwill is capitalized. B) internally developed goodwill is capitalized, while purchased goodwill is expensed. C) internally developed goodwill is amortized, while purchased goodwill is maintained but tested for impairment. D) purchased goodwill is amortized, while internally developed goodwill is maintained but tested for impairment.