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blagie [28]
3 years ago
13

While the Securities and Exchange Commission reviews a registration statement for completeness, most issuers can distribute a fr

ee-writing prospectus.
A. True
B. False
Business
1 answer:
OlgaM077 [116]3 years ago
8 0

Answer:

True.

Explanation:

The registration statement is a document that private company files with Securities and Exchange Commission (SEC). This document specifies the intent of private companies, that why they desire to share its stocks with the public. It specifies the securities of  registration, investment, etc.

When a company shares it registration statement with SEC and it is in the procedure of checking, the company is free to distribute its free-writing prospectus.

A free-writing prospectus is written communication that states the offer of selling the security. This document specifies the basic details about the issue. When the registration statement in the process of checking, the company is free to distribute free-writing prospectus. Thus the answer is true.

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Murphy Company sublet a portion of its warehouse for five years at an annual rental of $24,000, beginning on May 1, 2010. The te
jeka57 [31]

Answer:

Correct option is D.

Unearned Rent Revenue Dr. $16,000

Rent Revenue  $16,000

Explanation:

Provided that rent is received for a period of 1 year that is 12 months on May 1, 2010 amounting $24,000

Thus rent per month = $24,000/12 = $2,000 per month

Provided financial year = Calendar year

thus for the year 2010 rent revenue = 1 May to 31 December = $2,000 \times 8 = $16,000

Since revenue = $16,000 for the year and initially was recorded as unearned rent thus for the year $16,000 should be transferred to rent revenue.

For this entry shall be:

Unearned Rent Revenue Dr.           $16,000

         To Rent Revenue                   $16,000

Correct option is D.

7 0
3 years ago
The state government establishes the guidelines under which local governments can impose property taxes. true false
Karolina [17]
The answer to your question is True.
5 0
3 years ago
on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr
Juli2301 [7.4K]

Answer:

Explanation:

Nada babosa gracias

6 0
2 years ago
If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim
kap26 [50]
In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%

In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
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5 0
2 years ago
Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 sha
liq [111]

Answer:

Worthy Ships:

Treasury Stock account balance would be $80,000.

Explanation:

Treasury Stock account is a contra account to the Common Stock account.  Using the cost method, the account will have a debit entry and balance of $400,000 in 2023.  In 2024, with the resale of shares, the account will have a credit entry of $320,000.  This would bring the balance to $80,000 at the end of 2024.

8 0
3 years ago
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