Automatic Shelf Registration Refers to the Practice of Allowing

question 10

Multiple Choice

Automatic Shelf Registration refers to the practice of allowing:

• A)well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately,or the filing of a "base prospectus," enabling efficient stock issue
• B)well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately,or the filing of a "base prospectus," enabling efficient debt issue
• C)well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately,or the filing of a "base prospectus," enabling efficient stock or debt issue
• D)well-seasoned issuers to file shelf registration statements with the SEC that become effective immediately upon filing of a "red herring prospectus," enabling efficient stock or bond issue

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Definitions:

Double-Entry Bookkeeping System

A method of accounting where every transaction is recorded in at least two accounts, with one account being debited and another credited, ensuring the accounting equation balances.

Single-Entry System

An accounting method where each financial transaction is recorded with only one entry, making it simpler but less detailed than double-entry systems.

Accounting Program

An educational curriculum designed to prepare students for careers in financial reporting, auditing, tax, and management accounting.

Poorly Programmed Software

Software that contains flaws or errors due to inadequate development practices, leading to performance issues or vulnerabilities.