1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRa [10]
3 years ago
15

An issuer has filed a registration statement in the state proposing to offer 500,000 shares in a combined primary and secondary

distribution, consisting of 300,000 newly issued shares and another 200,000 shares being offered by the officers of the firm. Under Uniform State Law, the:_______.
a. 500,000 shares being sold is an issuer transaction.
b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.
c. 300,000 shares being sold is a non-issuer transaction and the 200,000 shares being sold is an issuer transaction.
d. 500,000 shares being sold is a non-issuer transaction.
Business
1 answer:
sweet-ann [11.9K]3 years ago
3 0

Answer:

b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.

Explanation:

A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.

According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.

Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.

In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).

You might be interested in
Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?
trapecia [35]
Answer:

Cash flows tell us about the company’s actual outflows and inflows of cash in particular period such as quarter or year or others. This very important for business as cash flow from main operations helps the company to see whether they are generating enough to invest in growth projects or not.
7 0
3 years ago
A company using the periodic inventory system has inventory costing $142 on hand at the beginning of a period. During the period
Fantom [35]

Answer:

$174

Explanation:

The computation of the cost of goods sold is shown below:

As we know that

Cost of goods sold = Opening inventory + Purchase - ending inventory

= $142 + $432 - $400

= $174

By adding the purchase of merchandise and deducting the ending inventory from the opening inventory we can get the cost of goods sold and the same is to be applied

Hence, the cost of goods sold is $174

6 0
3 years ago
Ben wants to purchase a new tablet. He spends a lot of time researching the latest features available on different brands of tab
Vladimir [108]

Answer:

motivated

Explanation:

to purchase the target, making him a (n) motivated consumer

5 0
3 years ago
For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta c
adoni [48]

Answer:

14%

Explanation:

required rate of return = risk free rate of return + ( risk premium x beta)

5% + 1.5 x 6% = 14%

3 0
3 years ago
Forward Fuels is a chemicals manufacturer with a large research and development team searching for new alternatives to gasoline.
ivanzaharov [21]

The OSHA regulations should still be followed. Failure to do so will expose the company to fees, penalties, and potential legal vulnerabilities.

6 0
3 years ago
Other questions:
  • The Up-Towner has sales of s913,400, costs of goods sold of $79,300, inventory of $187400, take the firm to sell its and account
    12·1 answer
  • Jamie is looking for a new job. she used to be the top sales representative for the region and was expecting to be promoted. how
    11·1 answer
  • _____ signs tell you how to drive safely in work zones.
    12·1 answer
  • What is time utility and possession utility?
    7·2 answers
  • Background material, fact sheets, news releases, and sample photos are commonly found in what important business communication p
    9·1 answer
  • company produces a single product. Last year, fixed manufacturing overhead was $30,000, variable production costs were $48,000,
    15·1 answer
  • The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands):
    9·1 answer
  • Wattan Company reports beginning inventory of 10 units at $60 each. Every week for four weeks it purchases an additional 10 unit
    13·1 answer
  • On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $100 million. The bonds mature
    15·1 answer
  • What specific cryptocurrency was worth $68,000 in november but had fallen to less than $36,000 by the beginning of this week?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!