The Uniform Securities Act Permits an Issuer to Register by Coordination,which

question 16

Multiple Choice

The Uniform Securities Act permits an issuer to register by coordination,which means the issuer:

• A)can file the 1933 Act registration statement with the state securities administrator.
• B)becomes exempt from registration under state securities registration law.
• C)needs to file under the state securities registration law only and not the 1933 Act.
• D)need not register the securities statement once he/she has registered under the 1933 Act.

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Definitions:

Adjusting Entry

A journal entry made in accounting records to correct or allocate revenues and expenses to the appropriate period.

Wages Expense

This is the total amount of wages a company pays to its employees, which is considered an expense on the income statement.

Accrued Wages

Refers to wages earned by employees but not yet paid by the employer.

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.