The JOBS Act of 2012 Does Not Provide for Which

question 60

Multiple Choice

The JOBS Act of 2012 does not provide for which of the following?

• A)establishes a new business classification called "Emerging Growth Company"
• B)lifts restrictions on general solicitation and advertising for Regulation D 506 accredited investor offerings
• C)changes the maximum amount to be raised under a Regulation A-like offering to $50 million
• D)prohibits the use of securities crowdfunding for the sale of securities

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Definitions:

Journal Entry

A record in accounting that notes a specific financial transaction in a company's books, involving debits and credits to various accounts.

Elimination Entry

An accounting entry made to remove the effects of intra-company transactions when consolidating the financial statements of a parent and its subsidiaries.

Fair Value

The earnings from auctioning off an asset or the obligation incurred during a methodical marketplace exchange at the date of price setting.

Consolidated Balance Sheet

A financial statement showing the combined financial position of a parent company and its subsidiaries, presenting the assets, liabilities, and equity as if the group were a single entity.