Examlex
Mercury Homes just declared a 4-for-3 stock split.Which of the following occurred as a result of this split?
I.number of shares outstanding increased by 1/3
II.number of shares outstanding decreased by 1/4
III.price per share increased by 1/3
IV.price per share decreased by 1/4
Materially Overstated
A significant overestimation of financial figures, leading to inaccurate financial reporting.
Securities Act of 1933
A foundational U.S. law enacted to regulate the securities industry, requiring transparency through the registration and disclosure of information on securities offerings.
Professional Liability
A form of liability arising from the conduct of professionals such as doctors, lawyers, and accountants, due to negligence or malpractice in their professional duties.
Racketeer Influenced and Corrupt Organizations Act
A federal law aimed at combating organized crime in the United States by facilitating extended penalties for acts performed as part of a criminal organization.
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