Answer;
The above statement is true;
<span>To protect consumers, the SEC requires brokers and dealers to reveal information about securities.
Explanation;
The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities. </span>
Answer:
option (c) 50,000
Explanation:
Number of shares of common stock issued and outstanding
= ( Price for Common Stock Authorized ) ÷ ( Market price of common stock per share )
given in the question:
Price for Common Stock Authorized = $600,000
Market price of common stock per share = $12
Therefore,
Number of shares of common stock issued and outstanding
= $600,000 ÷ $12
= 50,000
Hence,
the correct answer is option (c) 50,000
Answer: $44,000<span>
<span>The tax laws state that any payments (except PUNITIVE
DAMAGES) on the account of a physical injury or physical sickness are non-taxable.
Damages that taxpayers can receive relating to emotional distress are also non-taxable.
Punitive damages however are fully taxable, because they are intended to penalize
the harm-doer rather than to compensate the taxpayer for injuries.</span></span>
