The Main Reason for the Recent Migration of a Large

question 50

Multiple Choice

The main reason for the recent migration of a large number of firms from public-to-private ownership is

• A)blue-sky laws.
• B)the Sarbanes-Oxley Act.
• C)International Accounting Standards (IAS).
• D)the advent of shelf registration.

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Definitions:

Nonspendable

Refers to a fund balance category in governmental accounting, indicating funds that cannot be spent because they are not in spendable form or are legally or contractually required to be maintained intact.

Restricted

Pertains to assets or securities that are not fully transferable until certain conditions, often regulatory, are met.

Assigned

The allocation or designation of resources, responsibilities, or tasks to a specific account, project, or individual.

Unassigned

Refers to resources or tasks that have not been allocated or designated to a specific category, department, or individual.