Which of the Following Is True of Registration Statements

question 32

Multiple Choice

Which of the following is true of registration statements?

• A)A registration statement must be accompanied by financial statements certified by certified public accountants..
• B)A registration statement once submitted, cannot be amended.
• C)The SEC judges the merits of the securities based on the registration statement.
• D)The registration statement need not reveal how a company plans on using the proceeds from the offering.

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Definitions:

Organism

A living thing that has the ability to act or function independently.

Wharton's Jelly

A gelatinous substance within the umbilical cord that provides cushioning and support to the blood vessels.

Substance

The fundamental physical matter or material that makes up an object or individual.