ACCT 351
ACCT 351 Final Exam Study Questions with
Verified Solutions Graded A+ 2025-2026
Securities and
exchange commission -Correct Answers ✔-The federal administrative agency that
is empowered to administer federal securities laws. They can adopt rules and
regulations to interpret and implement federal securities laws
Reporting company -Correct Answers ✔-companies must file periodic reports (10
Q, 10 K, 8 K) with the SEC and to their shareholders
Security -Correct Answers ✔-An interest or instrument that is common stock,
preferred stock, a bond, a debenture, warrant, investment contract
Investment contract -Correct Answers ✔-A flexible standard for defining a security
Howey test -Correct Answers ✔-A test stating that an arrangement is an investment
contract if there is an investment of money by an investor in a common enterprise
and the investor expects to make profits based on the sole or substantial efforts of
the promoter or others
Securities Act of 1933 -Correct Answers ✔-A federal statute that regulates
primarily the issuance of securities by corporations, limited partnerships, and
associations
ACCT 351
, ACCT 351
Section 5 (of the Securities Act of 1933) -Correct Answers ✔-A section that
requires an issuer to register its securities with the SEC prior to selling them to the
public
Initial public offering -Correct Answers ✔-The sale of securities by an issuer to the
public
Registration statement -Correct Answers ✔-A document that an issuer of securities
files with the SEC and that contains required information about the issuer, the
securities to be issued, and other relevant information
Preliminary prospectus -Correct Answers ✔-A written disclosure document that
must be submitted to the SEC along with the registration statement and given to
prospective purchasers of the securities
Regulation A -Correct Answers ✔-A regulation that permits an issuer to sell $50
million of securities pursuant to a simplified registration process
Small company offering registration -Correct Answers ✔-A method for small
companies to sell up to $1 million of securities during a 12 month period to the
public by using a question and answer disclosure form called form U-7
Jumpstart Our Business Startups -Correct Answers ✔-A federal statute that is
designed to make it easier for start up companies to raise capital through securities
offerings
ACCT 351
ACCT 351 Final Exam Study Questions with
Verified Solutions Graded A+ 2025-2026
Securities and
exchange commission -Correct Answers ✔-The federal administrative agency that
is empowered to administer federal securities laws. They can adopt rules and
regulations to interpret and implement federal securities laws
Reporting company -Correct Answers ✔-companies must file periodic reports (10
Q, 10 K, 8 K) with the SEC and to their shareholders
Security -Correct Answers ✔-An interest or instrument that is common stock,
preferred stock, a bond, a debenture, warrant, investment contract
Investment contract -Correct Answers ✔-A flexible standard for defining a security
Howey test -Correct Answers ✔-A test stating that an arrangement is an investment
contract if there is an investment of money by an investor in a common enterprise
and the investor expects to make profits based on the sole or substantial efforts of
the promoter or others
Securities Act of 1933 -Correct Answers ✔-A federal statute that regulates
primarily the issuance of securities by corporations, limited partnerships, and
associations
ACCT 351
, ACCT 351
Section 5 (of the Securities Act of 1933) -Correct Answers ✔-A section that
requires an issuer to register its securities with the SEC prior to selling them to the
public
Initial public offering -Correct Answers ✔-The sale of securities by an issuer to the
public
Registration statement -Correct Answers ✔-A document that an issuer of securities
files with the SEC and that contains required information about the issuer, the
securities to be issued, and other relevant information
Preliminary prospectus -Correct Answers ✔-A written disclosure document that
must be submitted to the SEC along with the registration statement and given to
prospective purchasers of the securities
Regulation A -Correct Answers ✔-A regulation that permits an issuer to sell $50
million of securities pursuant to a simplified registration process
Small company offering registration -Correct Answers ✔-A method for small
companies to sell up to $1 million of securities during a 12 month period to the
public by using a question and answer disclosure form called form U-7
Jumpstart Our Business Startups -Correct Answers ✔-A federal statute that is
designed to make it easier for start up companies to raise capital through securities
offerings
ACCT 351
