Answer:
As per the Securities Act of 1933, John must prove only that the registration statement contained some important omissions
Explanation:
The Securities Act of 1933 also known as the "Truth in Securities" law. This law requires that companies have to submit information to the investors about the securities being offered for public sale.
It was the first major federal securities law passed.
President Roosevelt stated that the law was aimed at correcting some of the wrongdoings included insider trading, the sale of fraudulent securities, and other wrongdoings that some financial institutions and professional stock traders engaged in.
In the given question,
John must prove only that the registration statement contained some important omissions as per the Securities Act of 1933
Phineas Gage lacked self-control due to his accident, which interfered with his ability to keep a job and live independently.
<h3>What is an Accident?</h3>
This refers to the unforeseen incident that leads to an injury or damage, or in extreme cases, loss of life.
Hence, we can see that Phineas Gage lacked self-control due to his accident, which interfered with his ability to keep a job and live independently.
With this in mind, the effect of the accident affected Phineas Gage in more ways than one as he was unable to hold down a job and was still living with others.
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Also called working capital ratio. Current assets divided by current liabilities.
Your answer is: Current ratio
Answer:
corporation income is also subject to what is called “double taxation,” when the income of the business is distributed to the owners in the form of dividends, because dividends are taxable.
Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.
