Under the Securities Act of 1933, Section ________ allows the Securities and Exchange Commission to exempt offerings not exceeding $5 million. Group of answer choices 17(a) 3(b) 6(b) 11(a)
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Under the Securities Act of 1933, Section ________ allows the Securities and Exchange Commission to exempt offerings not exceeding $5 million.
Group of answer choices
17(a)
3(b)
6(b)
11(a)
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- 20. The various debt securities issued by either government or corporation with the maturity up to one year, is issued in _____________. a. Money market b. None of the options c. Bond market d. Capital market€ 17.4 (L01) (Debt Investments) Assume the same information as in E17.3 (in the picture)except that Roosevelt has an active trading strategy for these bonds. The fair value of the bonds at December 31 of each year end is as follows. 2019 $ 534.200 2020 $ 515,000 2021 $ 513,000 2022 $ 517,000 2023 $ 500,000 Instructions a. Prepare the journal entry at the date of the bond purchase. b. Prepare the journal entries to record the interest received and recognition of fair value for 2019. c. Prepare the journal entry to record the recognition of fair value for 2020. d. Discuss how the response to (c) will be different assuming Roosevelt has a strategy of held-for-collection and selling.Question 24 What Securities Act requires a listed company to file an annual report on Form 10K? The Securities Act of 1933 The Internal Revenue Code The Securities Act of 1934 The Securities Act of 1954
- E16.7 (LO 1, 2) (Issuance and Conversion of Bonds) For each of the unrelated transactions described below, present the entry or entries required to record each transaction. 1. Coyle SA issued €10,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker determines that they would have been sold at 95. 2. Lambert AG issued €10,000,000 par value 10% bonds at 98. One share warrant was issued with each €100 par value bond. The net present value of the bonds without the warrants was €9,600,000. 3. Sepracor AG called its convertible debt in 2022. Assume the following related to the transaction. The 11%, €10,000,000 par value bonds were converted into 1,000,000 shares of €1 par value ordinary shares on July 1, 2022. The carrying amount of the debt on July 1 was €9,700,000. The Share Premium-Conversion Equity account had a balance of €200,000, and the company paid an additional €75,000 to the bondholders to induce conversion of all…22 - To which account does an enterprise adopting the 7 / A option debt its interest, exchange differences, commission and similar expenses related to the borrowed amounts in order to carry out its activities without interruption?A) 770 General Administrative ExpensesB) 689 Other Extraordinary Expenses and LossesC) 780 Financial ExpensesD) 797 Financial ExpensesE) 303 Principal Installments and Interest Rates of Long Term LoansE13.8 (LO 2) (Refinancing of Short-Term Debt) On December 31, 2020, McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 25,000 shares of its common stock for $38 per share, receiving $950,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $250,000 cash, are used to liquidate the $1,200,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021.InstructionsShow how the $1,200,000 of short-term debt should be presented on the December 31, 2020, balance sheet, including note disclosure.
- 10 A dealer in securities has the following for the year 2018: Sale of securities held for sale in the ordinary course P4,000,000 Cost of securities held for sale in the ordinary course 2,500,000 Supplies expense, net of VAT 300,000 Rent expense, net of VAT 500,000 The OUTPUT VAT shall be:22 A dealer in securities has the following for the year 2018: Sale of securities held for sale in the ordinary course P4,000,000 Cost of securities held for sale in the ordinary course 2,500,000 Supplies expense, net of VAT 300,000 Rent expense, net of VAT 500,000 The Vat payable shall be:N4 Refer to the Real Life Case of Chapter 19. Use financial statements (page 51) of Microsoft's 10-K for the fiscal year ended June 30 , 2019 (Source: SEC Edgar). The basic EPS of Microsoft for year 2019 is $5.11 , weighted average shares outstanding is 7,673 million shares, and share price is $134 . If the company had pre-announced and used all funds in its share repurchase program of $40 billion on June 30 , 2019, what would Microsoft's basic EPS have been for fiscal year 2019? a. $3.29 b. $5.06 c. $2.13 d. $5.32 e. $5.11
- Section 11 of Securities Act of 1933: Liability Exposure. Chriswell Corporationdecided to raise additional long-term capital by issuing $20 million of 12 percent subordinated debentures to the public. May, Clark & Company, CPAs, the company’s auditors, wereengaged to examine the June 30, 2018, financial statements, which were included in thebond registration statement.May, Clark & Company completed its examination and submitted an unmodified auditors’ report dated July 15, 2018. The registration statement was filed and became effectiveon September 1, 2018. On August 15, one of the partners of May, Clark & Company calledon Chriswell Corporation and had lunch with the financial vice president and the controller. He questioned both officials on the company’s operations since June 30 and inquiredwhether there had been any material changes in the company’s financial position since thatdate. Both officers assured him that everything had proceeded normally and that the financial…I ONLY NEED ANSWER OF 16,17 &18 PLEASE KINDLY ANSWER Problem 3:On June 1, 2021, VIXEN Company received ₱1,077,200 plus accrued interest for 12% bonds with face amount of ₱1,000,000. The bonds were sold to yield 10%. Interest is payable semiannually every July 1 and December 31. The entity elected the fair value option for measuring financial liabilities. On December 31, 2020, the fair value of the bonds is at 108. The change in fair value of the bonds is attributable to market factors.Requirements:E. Prepare all necessary entries for calendar year 2021.F. Compute or provide the answers for the following:14. How much is initial valuation of the bonds?15. How much cash was received upon the sale of the bonds?16. How much is the interest expense for the year ended December 31, 2021?17. How much is the gain or loss from change in fair value of the bonds for 2021? (In the google form, if loss, put a negative sign before the numerical figure.)18. What is the carrying amount of the…23. The following information pertains to Long Inc.'s investment in marketable debt securities: A marketable available-for-sale debt security costing $40,000, written down to $25,000 in Year 4, had a $30,000 fair value on December 31, Year 5. On December 31, Year 5, Long reclassified a debt security with a $100,000 carrying cost and a $90,000 fair value from the trading category to the available-for-sale category. All changes in the value of the available-for-sale securities are noncredit related and considered temporary. What is the net effect of the above items on Long's available-for-sale debt securities valuation allowance for unrealized losses as of December 31, Year 5? A. No effect. B. $5,000 decrease. C. $10,000 decrease. D. $15,000 decrease
