Social Studies, 17.04.2021 18:30, justinb0829
Ocean and Associates, CPAs, audited the financial statements of Drain Corporation. As a result of Ocean's negligence in conducting the audit, a material misstatement in the financial statements went undetected. Ocean was unaware of this fact. The financial statements and Ocean's unqualified opinion were included in a registration statement and prospectus for an initial public offering of stock by Drain. Sharp purchased shares in the offering. Sharp received a copy of the prospectus prior to the purchase but did not read it. The shares declined in value as a result of the misstatements in Drain's financial statements becoming known. Under which of the following acts is Sharp most likely to prevail in a lawsuit against Ocean?
1. The Securities Exchange Act of 1934, the Securities Act of 1933, and the Sarbanes-Oxley Act of 2002 provide equal likelihoods of prevailing.
2. The Securities Exchange Act of 1934.
3. The Securities Act of 1933.
4. The Sarbanes-Oxley Act of 2002.
Answers: 3
Social Studies, 22.06.2019 11:00, jojo10092003
Why is this statement not a hypothesis? sunflowers require soil and plenty of sunlight and water to grow and thrive. a. it is a well-known fact. b. it is a proven theory. c. it is not falsifiable. d. it is difficult to test.
Answers: 1
Social Studies, 22.06.2019 14:10, barisege4842
Which of the following statements about the effects of subliminal stimuli is most accurate? subliminal stimuli have no effect on attitudes or behavior. subliminal stimuli can lead people to vote for political candidates they do not support. subliminal exposure to thirst-related words can lead thirsty people to drink more. subliminal stimuli can lead people to violate deeply held values.
Answers: 2
Ocean and Associates, CPAs, audited the financial statements of Drain Corporation. As a result of Oc...
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