30. Filings with the SEC are divided generally into two broad categories:
31. What information needs to be included in
Form 10-Q
?
1.
Income statements
for the most recent quarter and for the year to date as well
as for the comparative periods in the previous year.
2.
Income statements
for the most recent quarter and for the year to date as well
as for the comparative periods in the previous two years.
3. A
statement of cash flows
is mandatory, but only for the year to date as well
as for the corresponding period in the preceding year.
4. Two
balance sheets
: one for the end of the most recent quarter and one
showing the company’s financial position at the end of the previous fiscal year.
32. What information is required in proxy statements?
(1) Five-year summary of operations.
(2) Five-year summary of industry segments.
(3) Listing of company directors and executive officers.
(4) Management discussion and analysis (MD&A).
33. Which information is
not
contained in the
prospectus
of the registration
statement?
34. What is
shelf registration
?
35. What is
private placement of securities
?
36. What is the minimum net worth of those who are considered
accredited
investors
?
37. Which one of the following requires the audit committee to be responsible
for the appointment and compensation of the external auditor?
38. Which one of the following requires the registration of mutual funds that
engage in investing and trading in securities?
39. Which statement is
false
regarding the Public Company Accounting
Oversight Board (PCAOB)?
40. Which one of the following forms is used when companies have filed with
the SEC for less than 36 months but are not large enough to file form S-3?
41. Which one of the following forms is used in connection with employee
stock plans?
42. Which one of the following forms is used in connection with registration of
securities of real estate companies?
43. Which one of the following forms is used in connection with registration of
securities of a small reporting company with $25 million of annual revenues and
of $25 million of voting securities held by non-affiliates?
44. The SEC’s role in the initial registration of securities to be publicly issued
is:
45. Audited financial statements in an annual report of an issuer that is
subject to SEC regulation must include:
46. The audit committee of an entity subject to SEC regulation will do all of
the following
except
:
47. For each of the following situations, select the best answer concerning
information forms filed with the SEC:
(A.) Form 10-K
(B.) Form 10-Q
(C.) Form 8-K
(D.) Not required
___ 1. A unique or significant happening.
___ 2. Annual information required by
Regulation S-X.
___ 3. Changes in control of the registrant.
___ 4. Interim financial statements.
___ 5. Fourth quarter income statement.
___ 6. Bankruptcy.
___ 7. Annual information required by
Regulation S-K.
___ 8. Income statement for the current quarter, year-to–date, and comparative
periods in the previous year.
___ 9. Changes in bookkeeping staff.
___ 10. Changes in the registrant’s external auditor.
48. What is
shelf registration
?
49. What is a
private placement
of securities?
50. What are
accredited investors
?