Which of the following securities is exempt from registration under the Securities Act of 1933? a. Shares

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Which of the following securities is exempt from registration under the Securities Act of 1933?

a. Shares of nonvoting common stock provided their par value is less than $1.

b. Bonds issued by a municipality.

c. Limited partnership interests sold for the purpose of acquiring funds to invest in bonds issued by the United States.

d. Corporate debentures that were previously subject to an effective registration statement provided they are convertible into shares of common stock.

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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Question Posted: Mar 14, 2024 12:00 AM

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Which of the following securities is exempt from registration under the Securities Act of 1933? a. Shares

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Exemptions from Registration under the Securities Act of 1933 The Securities Act of 1933 also known as the Truth in Securities Act has several provisions that exempt certain securities from registrati...View the full answer

Advanced Financial Accounting

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