Each of the Following Questions Names an Item

question 47

Multiple Choice

Each of the following questions names an item.Select the correct description of the item from this list.Indicate your selection by entering the letter of the description.
Descriptions
-"Tombstone ad"

• A)Provides preliminary information to investors about an upcoming issue.
• B)Informs investors of an upcoming offering.
• C)Required annual filing to the SEC.
• D)Discloses unscheduled material events.
• E)Includes amendments to the Securities Act,additional disclosure requirements,and other current issues regarding accounting and auditing principles and standards.
• F)Results in a thorough examination by the SEC of a registration statement.
• G)Issued by the staff of the SEC and contains differences that must be corrected in a registration statement before the securities may be offered or sale.
• H)Quarterly report to SEC.
• I)Includes new or revised administrative practices and interpretations used in reviewing financial statements.
• J)Includes the results of actions taken against accountants or other participants because false or misleading statements were filed.
• K)Includes Regulations S-X and S-K.

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Definitions:

Preexisting Duty

An obligation or duty that already exists under contract law and does not constitute valid consideration for a new agreement.

Rescission

The act of canceling, voiding, or annulling a contract, returning the parties to their positions prior to the contract.

Usury

Charging an illegal rate of interest.

Lawful Maximum

The highest limit allowed by law, often referring to interest rates, fees, or other financial charges.