Which One of the Following Statements Is Incorrect Concerning Private

question 79

Multiple Choice

Which one of the following statements is incorrect concerning private placements?

• A) Terms of the financing can be custom-tailored.
• B) The securities are not made available to the public.
• C) The securities are often less marketable.
• D) Only a small amount of corporate debt is financed in this manner.

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Definitions:

Qualified Moving Expenses

Qualified Moving Expenses are those costs that are deductible when an individual relocates for employment reasons and meets certain distance and time tests defined by the IRS.

Temporary Storage Costs

Expenses incurred for storing personal property for a short period, possibly deductible under certain tax situations.

Modified AGI

An adjustment to adjusted gross income, including or excluding certain items, used to calculate eligibility for specific tax benefits.

Education Loan Interest

The interest paid on a loan taken out to pay for educational expenses, which may be deductible on your taxes under certain conditions.