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aalyn [17]
3 years ago
9

In a "firm commitment," the investment banker a. Buys the stock from the company and resells the issue to the public. b. Agrees

to help the firm sell the stock at a favorable price. c. Finds the best marketing arrangement for the investment-banking firm. d. Agrees to help the firm sell the stock at a favorable price and finds the best marketing arrangement for the investment-banking firm.
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

The correct answer is letter "A": Buys the stock from the company and resells the issue to the public.

Explanation:

A "Firm Commitment" or "Bought Deal" is an agreement by which an underwriter assumes all responsibilities for the purchase of securities in an Initial Public Offering (IPO). The underwriter becomes the dealer of those securities and is fully responsible if some securities remain unsold.

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Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
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Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185

To determine the total assets, we only have to consider the following:
</span>cash                                         7,530 
accounts receivable                 2,100 
prepaid expenses                       700 
equipment                              13,700 
<span>accumulated depreciation   <u>    (1,100) </u>
</span>Total assets:                         22,930    CHOICE D.

NET INCOME: 
fees earned                                9,250 
<span>wages expense                         (2,500) </span>
<span>rent expense                             (1,960) </span>
<span>utilities expense                           (775) </span>
<span>depreciation expense                   (250) </span>
<span>miscellaneous expense         <u>       (185)</u>
</span><span>Net Income                                  3,580

LIABILITIES AND S.H.E
</span>accounts payable                        1,900 
<span>notes payable                              4,300 </span>
<span>common stock                             1,000 </span>
<span>retained earnings                       12,940 </span>
<span>dividends                                      (790) 
</span>Net Income                              <u>     3,580</u>
TOTAL LIABILITIES & SHE      22,930
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The missing word in the blank is :

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