Accounting Quiz: Could You Pass?

10 Questions | By Baybayev | Updated: Mar 21, 2022 | Attempts: 459

Questions

Settings

Create your own Quiz

Questions and Answers

1.

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?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
D. S-1
2.

Which one of the following forms is used in connection with employee stock plans?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
C. S-8
3.

Which one of the following forms is used in connection with the registration of securities of real estate companies?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
B. S-11
4.

Which one of the following forms is used in connection with the 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?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
D. S-1
5.

Which one of the following forms is used when no other form is prescribed?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
D. S-1
6.

Which one of the following registration statement forms are used by large issuers that already have at least $75 million voting stock held by non-affiliates?
- A.
  
  S-4.
- B.
  
  S-11
- C.
  
  S-8
- D.
  
  S-1
- E.
  
  S-3
Correct Answer
E. S-3
7.

Which of the following securities offerings is not exempt from registration prior to their sale?
- A.
  
  Securities issued by governments.
- B.
  
  Offerings of no more than $1 million made to any number of investors within a 12-month period.
- C.
  
  Securities issued by savings and loan associations.
- D.
  
  Securities issued by banks.
- E.
  
  Offerings of more than $5 million.
Correct Answer
E. Offerings of more than $5 million.
8.

Which of the following is not a security as defined by the SEC?
- A.
  
  Investment contract.
- B.
  
  Notes receivable.
- C.
  
  Debenture.
- D.
  
  Treasury stock.
- E.
  
  Accounts receivable.
Correct Answer
E. Accounts receivable.
9.

Which of the following are issued by the SEC, as needed, to supplement Regulation S-X and Regulation S-K?
- A.
  
  SRBs.
- B.
  
  ASRs.
- C.
  
  FRRs.
- D.
  
  ARBs.
- E.
  
  SABs.
Correct Answer
C. FRRs.
10.

Which statement is false regarding the Public Company Accounting Oversight Board (PCAOB)?
- A.
  
  Regulates audit standards and independent audit firms.
- B.
  
  Is under the oversight and enforcement of the SEC.
- C.
  
  Is funded by fees levied on all publicly traded companies.
- D.
  
  Has five members appointed by the SEC.
- E.
  
  Allows all members to be accountants, past or present.
Correct Answer
E. Allows all members to be accountants, past or present.

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
Mar 21, 2022

Quiz Edited by
ProProfs Editorial Team
Apr 24, 2012

Quiz Created by
Baybayev

Accounting Quiz: Could You Pass?

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?

Which one of the following forms is used in connection with employee stock plans?

Which one of the following forms is used in connection with the registration of securities of real estate companies?

Which one of the following forms is used in connection with the 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?

Which one of the following forms is used when no other form is prescribed?

Which one of the following registration statement forms are used by large issuers that already have at least $75 million voting stock held by non-affiliates?

Which of the following securities offerings is not exempt from registration prior to their sale?

Which of the following is not a security as defined by the SEC?

Which of the following are issued by the SEC, as needed, to supplement Regulation S-X and Regulation S-K?

Which statement is false regarding the Public Company Accounting Oversight Board (PCAOB)?