Which of the Following Is Not a Citation to a Primary

question 64

Multiple Choice

Which of the following is not a citation to a primary authority?

• A) Sec. 1245
• B) Lengsfield v. Comm., 50 AFTR 1683 (CA-5, 1957)
• C) M-5800 Activities Not Engaged in for Profit - Hobby Losses
• D) Rev. Proc. 2002-32, 2002-1 C.B. 959

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Definitions:

Integrated Registration

A streamlined process that allows for the simultaneous registration or recording of multiple aspects or items through a single procedure.

Small Business Issuers

Refers to companies of a certain size that issue securities and are subject to specific regulatory measures aimed at small entities.

Registration of Securities

The process by which securities are registered with the Securities and Exchange Commission or a state securities agency prior to being offered to the public.

Brokers and Dealers

Individuals or firms in the finance industry that buy and sell securities or commodities on behalf of themselves (dealers) or others (brokers).