Which of the Following Is NOT an Insider of a Reporting

question 1

Multiple Choice

Which of the following is NOT an insider of a reporting issuer?

• A)The reporting issuer itself.
• B)A senior officer of a subsidiary firm of the reporting issuer.
• C)A shareholder owning 10% of voting rights in the reporting issuer.
• D)A senior officer of the parent firm of the reporting issuer.
• E)Any director of the parent firm of the reporting issuer.

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Definitions:

Stock Dividend

A distribution of additional shares of a company's stock to its shareholders at no extra cost, based on their existing holdings.

Stock Dividends Distributable

Shares of stock that are to be issued to shareholders as a dividend, representing a distribution of additional shares rather than cash.

Common Shares

Units of ownership interest in a corporation, giving holders voting rights and a share in the company’s profits via dividends.

Dividends Declared

Dividends declared are the portion of a company's earnings that the board of directors decides to distribute to shareholders.