23 House Bill No. 3902 was transmitted to the Senate and was passedaccordingly. The Bill was submitted to President Turtle for his signatureon August 1, 2020. On September 5, 2020, the President stated on a mediainterview that he does not intend to sign the bill into law that is why heis not yet acting on the bill. What is the status of House Bill No. 3902?a. The bill is automatically vetoed upon the lapse of 15 days.b. The bill has automatically lapsed into law after 30 days.c. The bill's effectivity is suspended until the President of the signature.d. The bill has become effective until the President vetoes it.

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What is the status of House Bill No. 3902?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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House Bill No. 3902 was transmitted to the Senate and was passed
accordingly. The Bill was submitted to President Turtle for his signature
on August 1, 2020. On September 5, 2020, the President stated on a media
interview that he does not intend to sign the bill into law that is why he
is not yet acting on the bill. What is the status of House Bill No. 3902?
a. The bill is automatically vetoed upon the lapse of 15 days.
b. The bill has automatically lapsed into law after 30 days.
c. The bill's effectivity is suspended until the President of the signature.
d. The bill has become effective until the President vetoes it.

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