Asked by
Jason Watson
on Dec 10, 2024Verified
The prospectus part of a registration contains all except which of the following?
A) Financial statements for the issuing company audited by an independent CPA along with appropriate supplementary data.
B) An explanation of the intended use of the proceeds to be generated by the sale of the new securities.
C) A description of the risks associated with the securities.
D) A description of the business and the properties owned by the company.
E) Additional data concerning expenses of issuance.
Independent CPA
A Certified Public Accountant who is not employed by the client company, providing unbiased external financial audits and services.
Supplementary Data
Additional information provided in a company's financial statements, giving further context or explanation to the figures presented in the primary statements.
Prospectus Part
A prospectus part is a section within a prospectus document that discloses vital information about a company's operations, financial status, and risks before a public offering of securities.
- Familiarize oneself with the components and requirements for financial and proxy statements, as governed by the SEC.
Verified Answer
CT
Learning Objectives
- Familiarize oneself with the components and requirements for financial and proxy statements, as governed by the SEC.