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Inessa05 [86]
3 years ago
9

"A customer who has his primary residence in Montana, has a vacation home in Colorado. An intrastate offering is being made in t

he state of Montana. Which statement is TRUE regarding the customer purchasing this securities offering?"
Business
1 answer:
swat323 years ago
8 0

The options available are:

A. The customer is permitted to buy these securities

B. The customer is prohibited from buying these securities

C. The customer can buy the securities if he spends at least 2 weeks per year in the state of Montana

D. The customer can buy the securities if he files an affidavit of domicile in the state of Montana

Answer:

The customer is permitted to buy these securities

Explanation:

The intrastate offering is a form of securities offering which different from the interstate offering, and can only be acquired in the state in which it is being issued. However, while it does not need to be registered with the Security Exchange Commission(SEC), to fulfill Intrastate requirements, it must, amongst others, be sold and offered only to residents of the state in which it is issued.

Hence, in this case, since the customer is a primary resident of Montana, he is permitted to buy these securities

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Prepare the issuer's journal entry for each of the following separate transactions.
jeka57 [31]

Answer:

a.

March 1

Debit  : Cash $318,500

Credit : Common Stock $198,000

Credit : Excess of Par $120,500

<em>Being Issue of Par value Shares for $318,500 cash</em>

b.

April 1

Debit  : Cash $84,000

Credit : Common Stock $84,000

<em>Being Issue of no Par value shares for $84,000 cash</em>

c.

April 6

Debit  : Inventory $53,000

Debit : Note Receivable $103,000

Credit : Common Stock $68,000

Credit : Excess of Par $88,000

<em>Being Issue of Par value Shares for Inventory and Note Receivable</em>

Explanation:

Note: We are instructed to prepare journals from the issuer`s point of view and this needs to be followed.

When shares are issued, the Common Stock increases :

a. For par value Common Stocks, any price paid in excess of par value is accounted in Excess of Par Reserve.

b. For no par value shares, there is no Excess of Par Reserve, we simply record the increase in Common Stock at the price paid for.

3 0
3 years ago
Phishing:_______
grandymaker [24]

Answer:

a)

Explanation:

Phishing is a type of deception in which an intruder disguises himself in email or other means of communication as a reputable individual or person. Attackers would normally use phishing e-mails to spread a range of malicious links or attachments. Some people will gather login credentials or victims' account details.

So as per above definition only option A seems the correct alternative among al the other option when discussing about Phishing.

A con executed using technology, typically targeted at acquiring sensitive information, or tricking someone into installing malicious software.

7 0
2 years ago
Which of the following is a type of intellectual property?
GuDViN [60]
C: software

in most countries, there are four primary types of intellectual property (IP) that can be legally protected: patents, trademarks, copyrights, and trade secrets.

Copyrights do not protect ideas, but rather the manner in which ideas are expressed (“original works of authorship”) - written works, art, music, architectural drawings, or even programming code for software
5 0
3 years ago
eastern hotel corp. pays a constant $7.80 dividend on its stock. the company will maintain this dividend for the next 13 years a
Lesechka [4]

The stock is now trading at $52.16 per share.

The current value of an annuity of n regular payments of P at r% with yearly payments is provided by:

PV = P × (1 -((1 + r) ^{-n}÷r))

Estes Park Corp. distributes a fixed rate of a dividend of P = $7.80 per share on its shares. The corporation will retain this dividend for the following n = 13 years before ceasing dividend payments permanently. If the necessary returns on this stock are not metis r = 11.2% = 0.112.

The actual share price is calculated as follows:

Current share price = $7.80 × (1 -((1 + 0.112) ^{-13}÷0.112))

$7.80 × ((1 - 0.251) ÷ 0.112)

$52.16

Therefore, the current share price is $52.16

Read more about the stock price at

brainly.com/question/15327515?referrer=searchResults

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6 0
11 months ago
This problem has been solved!See the answerMidland Oil has $1,000 par value bonds outstanding at 13 percent interest. The bonds
aev [14]

Answer:

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Explanation:

5 0
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