The Main Reason for the Recent Migration of a Large

question 60

Multiple Choice

The main reason for the recent migration of a large number of firms from public-to-private ownership is

• A)blue-sky laws.
• B)Sarbanes-Oxley Act.
• C)International Accounting Standards (IAS).
• D)advent of shelf registration.

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Definitions:

Criminal Behavior

Actions that violate laws and are punishable by the government, including felonies and misdemeanors.

Responsible Person Doctrine

A legal principle that holds an individual personally liable for unpaid taxes or obligations of a business, based on the level of control or authority they have over the financial operations of the entity.

Insider Information

Insider information consists of non-public, material information about a company or its securities that could influence an investor's decision to buy, sell, or hold the stock.

Par-Value Stock

Shares of a company that have a minimum fixed face value; the value is set at the time the shares are issued.