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How many days does it take before a registration statement becomes effective assuming that the...

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Question

Finance

  1. How many days does it take before a registration statement becomes effective assuming that the statement is acceptable to the SEC?

    A.

    10
    B.

    15
    C.

    20
    D.

    25

2. When a dividend is declared, it becomes a ________________________ of the firm.

A.

asset
B.

expense
C.

liability
D.

paid-in-capital

3. When a shareholder acts on his or her own to alter a corporation's dividend policy by means of buying and selling shares of stock they are creating a ________________ dividend.

A.

special
B.

regular
C.

residual
D.

homemade

4. Which of the following are normal characteristics of a financial lease?

I. Maintenance of the leased asset is the responsibility of the lessee.

II. The lease is generally cancellable by the lessee prior to the expiration date.

III. Financial leases are generally fully amortized

IV. The lessee usually has the right to renew the lease at the end of the initial lease period.

A.

I and III only
B.

II and IV only
C.

III and IV only
D.

II, III, and IV only

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