As Amended in 2008, SEC Rules Define a Small Business

question 75

True/False

As amended in 2008, SEC rules define a small business issuer as a noninvestment company with less than $10 million in public float.

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Definitions:

Cash Dividends

Dividends paid to shareholders by a corporation, ordinarily from its profit earnings.

Net Cash

The amount of cash that is available after all debts and obligations have been settled, reflecting a company's liquidity.

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments, as part of a company's financial operations.

Cash Dividend

A distribution of a company's earnings to shareholders, decided by the board of directors, and paid in the form of cash.