The Securities Act of 1934 Has the Primary Objective of Regulating

question 69

Multiple Choice

The Securities Act of 1934 has the primary objective of regulating which of the following?

• A)Trading of securities after their initial issuance.
• B)Initial issuances of securities.
• C)Adherence to the Sarbanes-Oxley Act of 2002.
• D)The registration of audit firms with the PCAOB.

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Definitions:

Nonrecurring Gains

Profits that are not expected to happen regularly or repeatedly, coming from events like asset sales, lawsuit winnings, or one-time events affecting financial performance.

Income From Continuing Operations

Earnings generated from the normal, recurring activities of a business, excluding any one-time transactions or discontinued operations.

Nonrecurring Losses

Losses that are not expected to happen again in the foreseeable future, differentiated from normal business operations.

Accounting Events

Transactions or occurrences that result in changes to the financial statements of a company, requiring recognition or disclosure.