In 2012, Facebook Inc. filed with the SEC a registration statement under the Securities Act of 1933, pursuant to which Facebook would make a public offering of page 45-49securities. During the waiting period prior to the effective date of the registration statement, Facebook determined that, at least in the short term, it was not able to monetize its mobile application as quickly and as well as it had monetized its desktop application. That was an important discovery because Facebook users were rapidly moving to exclusive or primary use of mobile applications, especially on smartphones. What did Facebook do with the new information to ensure it complied with Section 11 of the 1933 Act?

True/False. An objective test is used to determine whether an offeror intended to be legally bound by their offer.

Gamestop Corp. said the following about its gift card sales in its most recent (2019) annual report:“We establish a liability upon the issuance of merchandise credits and the sale of gift cards. Revenue is subsequently recognized when the credits and gift cards are redeemed.”When Gamestop sells merchandise to a customer who is using a Gamestop gift card to purchase the merchandise, what is the impact on Gamestop’s financial statements? (Ignore any inventory effects)     Liabilities decrease and cash decreases     Liabilities increase and the Income Statement decreases     Liabilities decrease and the Income Statement increases     Liabilities decrease and cash decreases     No effect because the transaction was already booked when the customer purchased the gift card

Explain the purpose of developing an OHS policy.

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1) In the years that the Crazy Eddie story occurred, a large amount of retail transactions were conducted by cash or check, whereas today these retail sales would primarily be paid by debit or credit card. Also, during the Crazy Eddie years, internet shopping was not available. Explain why the Crazy Eddie story would be unlikely today.   2) Consider the difference between asset misappropriation crimes and financial statement fraud. List at least 6 different fraud schemes conducted at the Crazy Eddie business and identify whether each one is either asset misappropriation, financial statement fraud, or other fraud types.   3) Identify by year ranges three different time periods when the Crazy Eddie primary fraud strategy changed. A) What was the primary fraud strategy for each period you have identified. B) List whether the company was public (traded on a stock exchange) or private during each of the three periods you have identified. C) Describe the strategy employed when the “skim” was…

Which statement is true regarding the risk of Politically exposed persons (PEPs)? PEPs provides access to third parties on whom the financial institution has not conducted sufficient due diligence PEPs have significantly greater exposure to the politically corrupt funds,, including accepting bribes or misappropriating government funds PEPs are foreign customers who inherently present additional risk as they are engaged in cross border transctions PEPs generally do not pose enhance risks to an institution due to their political standing; rather, PEPs increase prestige of an institution

demonstrate an understanding of accounting principles and practices; apply Generally Accepted Accounting Principles (GAAP) in the accounting cycle demonstrate the relationship between GAAP and accounting practices  describe the roles of various agencies (e.g., CPA Ontario, Ontario Securities Commission, Canada Revenue Agency) and their effects on accounting practices.

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The Nova Scotia government passes a law creating the Nova Scotia Postal Service (NSPS). The premier explains that Canada Post is just not efficient enough and the Nova Scotia government feels it could make money offering a postal service to Nova Scotians. Is it likely that the Nova Scotia government has the jurisdiction to create the NSPS? Explain your answer