topgradehub-essays

a trustee be appointed for sales

31. Which of the following acts requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations?
A. Securities Investor Protection Act
B. Trust Indenture Act
C. Investment Company Act
D. Investment Advisors Act

We Write Essays For Students

Tell us about your assignment and we will find the best writer for your paper

Write My Essay For Me

32. Which of the following choices best describes correct use of the forms indicated?

A. Option A
B. Option B
C. Option C
D. Option D

33. The history of securities regulation can be traced to:
A. the stock market crash of 1929.
B. medieval times.
C. 18th century creation of the New York Stock Exchange.
D. 18th century English Parliament’s passage of the Bubbles Acts.

 

34. Which of the following statements concerning the management discussion and analysis (MD&A) of a company’s financial condition is true?
I. It should cover the financial statements and other statistical data for the most recent three-year time span.
II. It should make year-to-year comparisons of material changes in the line items.
III. Management need not explain the cause(s) of the material changes.
IV. Disclosure of material off-balance sheet transactions, arrangements, and obligations is required in each annual and each quarterly report.
A. I, II, and IV
B. II and III
C. I, III, and IV
D. I, II, III, and IV

35. Pro forma disclosures are:
A. used to disclose unscheduled material events.
B. interim financial statements need not be audited.
C. materials submitted to shareholders for votes on corporate matters.
D. “what-if ” presentations often taking the form of summarized financial statements.

36. Which of the following statements concerning pro forma disclosures is not true?
A. They show the effects of major transactions that occur after the end of the fiscal period.
B. They show the effects of major transactions that have occurred during the year but are not fully reflected in the company’s historical cost financial statements.
C. The SEC requires these to be presented only when the company has made an unusual asset exchange, or a restructuring of existing indebtedness.
D. They often take the form of summarized financial statements.
Essay Questions

 

37. The Securities Exchange Act of 1934 requires publicly held companies to file periodic financial disclosures as updates of their economic activity. The three basic forms used for this updating are Form 10-K, Form 10-Q, and Form 8-K.

Required:
Describe the information contained in each of the three basic forms noted above.

38. The items below are associated with the Securities and Exchange Commission. Describe or explain each item as concisely as possible.

(a) Customary Review
(b) Comment Letter
(c) “Red Herring” Prospectus
(d) “Tombstone Ad”
(e) Financial Reporting Releases
(f) Staff Accounting Bulletins
(g) Accounting and Auditing Enforcement Releases
(h) Management’s Discussion and Analysis

 

Each of the following questions names an item. Select the correct description of the item from this list. Indicate your selection by entering the letter of the description.

Descriptions
a. Provides preliminary information to investors about an upcoming issue.
b. Informs investors of an upcoming offering.
c. Required annual filing to the SEC.
d. Discloses unscheduled material events.
e. Includes amendments to the Securities Act, additional disclosure requirements, and other current issues regarding accounting and auditing principles and standards.
f. Results in a thorough examination by the SEC of a registration statement.
g. Issued by the staff of the SEC and contains differences that must be corrected in a registration statement before the securities may be offered or sale.
h. Quarterly report to SEC.
i. Includes new or revised administrative practices and interpretations used in reviewing financial statements.
j. Includes the results of actions taken against accountants or other participants because false or misleading statements were filed.
k. Includes Regulations S-X and S-K.

39. Customary Review

40. Comment Letter

 

41. “Red Herring” Prospectus

42. “Tombstone ad”

43. Form 10-K

44. Form 10-Q

 

45. Form 8-K

46. Financial Reporting Releases

47. Staff Accounting Bulletins

48. Accounting and Auditing Enforcement Releases

 

49. The SEC administers many laws and regulations governing the information made in files reports.

Required:
a) What is the difference in issues covered by Regulation S-X and Regulation S-K?
b) How do the issues covered by these regulations differ from the AAERs and SABs?

50. Companies issuing stock to the public have to aware of certain terms. Using complete sentences define the following:
a) Comment Letter
b) Preliminary Prospectus.
c) Shelf Registration.

51. Both the FCPA (Foreign Corrupt Practices Act of 1977) and SOX (Sarbanes-Oxley Act of 2002) contain provisions related to Internal Control. Discuss some significant differences between how the two acts impact internal control practices for publicly held companies.

 

52. Smithtown Distributors acquired Paul’s Plumbing on January 15, 2008. Violet Flowers acquired Frank’s Farm on January 1, 2007. In the 12/31/07 financial statements filed with the SEC, Smithtown included a Pro Forma disclosure and Violet did not. If both acquisitions account for 100% of the common stock of the company acquired and are considered to be material, then can both filings be considered proper?

ORDER A SIMILAR ESSAY WRITTEN FROM SCRATCH

Save time and money with our essay writers for hire. If you are in search of a dependable academic support provider that offers more than just typical writing services, you have come to the right place. As a cost-effective essay writing service, we not only assist you in crafting outstanding papers but also provide complimentary features.

PLACE YOUR ORDER

Share your love