What is a registration statement?a. A statement that must be filed with the SEC before a company can begin an initial offering of securities to the public.b. A required filing with the SEC before a large amount of stock can be obtained by an inside party.c. An annual filing made with the SEC.d. A filing made by a company with the SEC to indicate that a significant change has occurred.

What is a registration statement?a. A statement that must be filed with the SEC before a company can begin an initial offering of securities to the public.b. A required filing with the SEC before a large amount of stock can be obtained by an inside party.c. An annual filing made with the SEC.d. A filing made by a company with the SEC to indicate that a significant change has occurred.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 39CYBK

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Choose the correct. What is a registration statement?a. A statement that must be filed with the SEC before a company can begin an initial offering of securities to the public.b. A required filing with the SEC before a large amount of stock can be obtained by an inside party.c. An annual filing made with the SEC.d. A filing made by a company with the SEC to indicate that a significant change has occurred.
What is a prospectus?a. A document attached to a Form 8–K.b. A potential stockholder as defined by Regulation S–K.c A document a company files with the SEC prior to filing a registration statement.b. The first part of a registration statement that a company must furnish to all potential buyers of a new security.
Choose the correct. Which of the following statements is true for a foreign company registered with the U.S. SEC to list its stock on the New York Stock Exchange?a. The company must file an annual report with the SEC that is prepared in accordance with U.S. GAAP.b. The company may file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.c. The company must file an annual report with the SEC that is prepared in accordance with IFRS but must also provide a reconciliation of IFRS to U.S. GAAP.d. The company may file an annual report with the SEC that is prepared in accordance with IFRS but need not also provide a reconciliation of IFRS to U.S. GAAP.
Choose the correct. What is a prospectus?a. A document attached to a Form 8–K.b. A potential stockholder as defined by Regulation S–K.c. A document a company files with the SEC prior to filing a registration statement.d. The first part of a registration statement that a company must furnish to all potential buyers of a new security.
Answer of the following question related to these characteristics and constraints. National Bancorp, a publicly traded company, files quarterly and annual financial statements with the SEC. Which characteristic is relevant to the timing of these periodic filings?
Which of the following is not true of a registration statement? A . It helps the SEC make judgments about the worth of securities. B. It contains financial statements certified by independent public accountants. C. It provides information about the management of the company. D. It is different for different types of companies that offer securities for sale.
What is the difference between Regulation S–K and Regulation S–X? choose the correct.a. Regulation S–K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S–X is directed toward the subsequent issuance of securities.b. Regulation S–K establishes reporting requirements for companies smaller than a certain size whereas Regulation S–X is directed toward companies larger than that size.c. Regulation S–K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S–X prescribes the form and content of financial statements included in SEC filings.d. Regulation S–K establishes reporting requirements for publicly held companies whereas Regulation S–X is directed toward private companies.
Which of the following is the best definition of a public issue? Multiple Choice Legal document describing details of the issuing corporation and the proposed offering to potential investors. A new issue of securities by a firm that has already issued securities in the past. The creation and sale of securities on public markets. A preliminary prospectus distributed to prospective investors in a new issue of securities. A company’s first equity issue made available to the public. Also an unseasoned new issue.
What is the difference between Regulation S–K and Regulation S–X?a. Regulation S–K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S–X is directed toward the subsequent issuance of securities.b. Regulation S–K establishes reporting requirements for companies smaller than a certain size whereas Regulation S–X is directed toward companies larger than that size.c. Regulation S–K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S–X prescribes the form and content of financial statements included in SEC filings.d. Regulation S–K establishes reporting requirements for publicly held companies whereas Regulation S–X is directed toward private companies.
Choose the correct. What is a shelf registration?a. A registration statement that the SEC formally rejects.b. A registration statement that the SEC rejects due to the lapse of a specified period of time.c. A registration process for large companies that allows them to offer securities over a period of time without seeking additional approval by the SEC.d. A registration form that is withdrawn by the registrant without any action having been taken.
For a publicly owned company, indicate which of the fol-lowing accounting activities are likely to occur at or shortly after year-end. (More than one answer may be correct.)a. Preparation of income tax returns.b. Adjusting and closing of the accounts.c. Drafting of disclosures that accompany the fi nancialstatements.d. An audit of the fi nancial statements by an independentCPA fi rm.
A company plans to issue shares and wants to know the SEC's stance on the accounting treatment for the costs of issuing stock. Can these costs be deferred, or must they be expensed immediately?