The ______ Is a Disclosure Law Which Makes It Illegal

question 20

Multiple Choice

The ______ is a disclosure law which makes it illegal to use mails or any other means of interstate communication or transportation to sell securities without disclosing certain financial information to potential investors.

• A) Securities Exchange Act of 1934
• B) Sherman Antitrust Act of 1890
• C) Sarbanes-Oxley Act of 2002
• D) Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
• E) Securities Act of 1933

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period, reported on the income statement.

Income Before Taxes

The earnings of a company before taxes have been deducted.

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including social security and Medicare taxes.

Social Security Tax

A mandatory payroll tax collected to fund the Social Security program, providing retirement, disability, and survivors' benefits.