[Solved] A registration statement must state how a corporation plans to use the proceeds from the sale of the securities. Erotica: Sexually explicit material that is evaluated positively. Sexually Explicit Material: Content that displays or describes sexual acts or subjects in a direct and detailed manner. Artistic Value: The significance or worth that is placed on creative works for their aesthetic, cultural, or social importance. Erotica: Creative works, such as literature or art, intended to arouse sexual desire without crossing into pornography.