The SEC Requires Disclosure of Quarterly High and Low Market

question 49

Multiple Choice

The SEC requires disclosure of quarterly high and low market prices for

• A) two years.
• B) three years.
• C) four years.
• D) The SEC does not require disclosure of quarterly high and low market prices.

---

Definitions:

Consolidated Stockholders' Equity

The total equity in a conglomerate of all the shareholders combined, as if the conglomerate and its subsidiaries were a single entity.

Investment Income

Income received from investment assets, including dividends, interest, and capital gains.

Book Value

The amount of value remaining in a company's assets, after accounting for depreciation and amortization, that shareholders would theoretically receive if assets were liquidated.

IntrA-Entity Gains

Profits realized from transactions occurring within the same company, often between different divisions or subsidiaries.