Wayback, Inc., with assets in excess of $4 million, has issued both common and p
ID: 1122064 • Letter: W
Question
Wayback, Inc., with assets in excess of $4 million, has issued both common and preferred stock. It has 350 stockholders. Its stock is sold on the New York Stock Exchange. Under the Securities Exchange Act of 1934, Wayback must be registered with the SEC because
Question 24 options:
It issues both common and preferred stock.
It has more than 300 shareholders.
It has assets in excess of $ million.
Its stock is sold on the New York Stock Exchange.
Its shares are traded in interstate commerce.
It issues both common and preferred stock.
It has more than 300 shareholders.
It has assets in excess of $ million.
Its stock is sold on the New York Stock Exchange.
Its shares are traded in interstate commerce.
Explanation / Answer
Answer:- It issues both common and preferred stock.
The company who shares are traded in the market is a public company. And The U.S. Securities and Exchange Commission (SEC) is an independent agency of united states federal govt which enures investors money security and is a regulatory agency. So all the public companies need to get registered with. There are three stock exchange in US so otion 4 is eliminated as companies whose share are listed on any of the stock exchange needs to get registered.
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