The options available are:
a) Must file annual and quarterly financial reports
b) Requirement to file depends on the company’s assets and shareholder base.
c) Not required to report information to the SEC.
d) Required to report major business developments and must file annual and quarterly financial reports.
Answer:
d) Required to report major business developments and must file annual and quarterly financial reports.
Explanation:
It is expected that firms or companies who regularly trades in securities on a national exchange is required by law under the United States security and exchange commission to report major business developments and must file annual and quarterly financial reports using form 10-K and form 10-Q made available by the security and exchange commission.
This is done by the filling the Form 10-K for yearly reports while Form 10-Q for their quarterly reports, and report the business advancement, for example, budgetary exchange, mergers, procurement and so forth to them consistently
Hence, Fancorp is required to report major business developments and must file annual and quarterly financial reports.
Answer: The answer is provided below
Explanation:
The four liabilities of incoming and outgoing partners are:
1. person who is admitted as a partner to an existing firm apart from a limited partnership or an incorporated limited partnership doesn't by that particular admission alone become liable for anything which is done before the person becomes a partner.
2. A person admitted as a general partner into a limited partnership or an incorporated limited partnership that already exists does not by the admission alone become liable for things done before the individual became a general partner.
3. A partner who retires from a firm other than limited partnership or an incorporated limited partnership doesn't by the retirement alone cease to be liable for the partnership debts and the obligations that were incurred before the retirement of the partner.
4. A partner who retires from a limited partnership or an incorporated limited partnership
doesn't by the retirement alone cease to be liable for the liabilities of the firm that were incurred before the retirement of the partner for which the partner were liable.
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