Answer:
A. cannot be purchased through the IPO
Explanation:
Financial Industry Regulatory Authority (FINRA) prohibits the purchase of equity IPOs (Initial Public Offerings) by industry "insiders." The list of prohibited purchasers includes FINRA member firms for their own accounts, officers and employees of member firms (and their immediate family members), fiduciaries to member firms (such as accountants and lawyers that are retained by FINRA member firms); and investment managers for investment companies, insurance companies, pension plans, who want to buy personally, etc.
The self-supporting spouse has an account with the firm and therefore cannot purchased through IPO.
5130. Restrictions on the Purchase and Sale of Initial Equity Public Offerings
(a) General Prohibitions
(1) A member or a person associated with a member may not sell, or cause to be sold, a new issue to any account in which a restricted person has a beneficial interest, except as otherwise permitted herein.
(2) A member or a person associated with a member may not purchase a new issue in any account in which such member or person associated with a member has a beneficial interest, except as otherwise permitted herein.
(3) A member may not continue to hold new issues acquired by the member as an underwriter, selling group member or otherwise, except as otherwise permitted herein.
Answer:
Explanation:
The preparation of the retained earnings statement for the year ended December 31, 2020 is presented below:
Marigold Corporation
Retained Earning statement
For the year ended December 31, 2020
Beginning balance of retained earning $684,800
Add: Net income $1,690,600
Less: Cash Dividend paid -$84,200
Ending balance of retained earning $2,291,200
Himber, Inc. just completed a job that cost $14,000 in direct materials, $12,000 in direct labor, and $8,000 in applied manufacturing overhead. The journal entry to record completion of the job debits MOH $1,000 and credit Property taxes payable $1,000
<h3>What is
manufacturing?</h3>
Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities. Such products may be distributed through the tertiary industry to end users and consumers (typically through wholesalers, who in turn sell to retailers, who in turn sell to individual consumers) or sold to other manufacturers for the production of other, more complex products (such as aircraft, home appliances, furniture, sports equipment, or automobiles).
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An instruction to a securities agent to sell a stock when it reaches a specific price is a stop loss order.
