Which of the Following Is True Regarding the Sale of Unregistered

question 27

Multiple Choice

Which of the following is true regarding the sale of unregistered securities?

• A) Investors may recover damages, but may not rescind their purchases.
• B) The Securities Act of 1933 is not violated, so long as the sellers allow purchasers to have their money back.
• C) Civil penalties may be imposed, but criminal penalties may not be imposed.
• D) Only criminal penalties may be imposed.
• E) Investors may rescind their purchases and recover damages, and criminal penalties may be imposed on any person who willfully violates the Securities Act of 1933.

Understand the impact of inventory valuation methods on gross profit and cost of goods sold.

Identify and correct inaccuracies in inventory valuation.

Assess the effect of costing method, inventory system, and other factors on inventory cost accounting.

Analyze the impact of purchase and sales transactions on inventory and cost of goods sold under different inventory systems.

---

Definitions:

Conflict Crimes

Are illegal acts that many people consider harmful to society. However, other people believe the acts to be not so harmful. People who commit conflict crimes are punishable by the state.

Consensus Crimes

Are illegal acts that nearly all people agree are bad in themselves and harm society greatly. The state inflicts severe punishment for consensus crimes.

Cultural Norm

A rule or standard shared by members of a society that dictates acceptable behavior in various situations.

Deviants

Individuals or behaviors that deviate from the accepted norms or standards of a society, which can result in social stigmatization or sanctions.