Which of the Following Was Established by the Securities Investor

question 12

Multiple Choice

Which of the following was established by the Securities Investor Protection Act of 1970?

• A) the Securities and Exchange Commission (SEC)
• B) the Securities Investor Protection Corporation (SIPC)
• C) the Federal Deposit Insurance Corporation (FDIC)
• D) the Federal Savings and Loan Insurance Corporation (FSLIC)

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period of time.

Cash Basis

An accounting method where revenues and expenses are recognized when cash is received or paid, not when they are incurred.

Accounts Receivable

Receivables from clients for goods delivered or services performed by a company, which have not yet been paid for.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period.