The Legal Environment of Business: Text and Cases (MindTap Course List)
The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 28, Problem 7BCP
Summary Introduction

Case summary: Company BACI provided services to small publicaly traded companies. Company CC sold customized USB drives. Company CC falsely informed BACI that it was awarded a contract of $25million by the DOHS. The information was used by BACI to promote the stock of CC and compensation for promotion were paid. The SEC started investigation and the BACI sold its share for $7.8 million. The SEC filed a suit agiants BACI for violating SA,1933.

To explain: The liability of BACI for a false statement made by CC.

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Give this question financial accounting
1.3 1.2.5 za When using a computerised accounting system, the paper work will be reduced in the organisation. Calculate the omitting figures: Enter only the answer next to the question number (1.3.1-1.3.5) in the NOTE. Round off to TWO decimals. VAT report of Comfy shoes as at 30 April 2021 OUTPUT TAX INPUT TAX NETT TAX Tax Gross Tax(15%) Gross (15%) Standard 75 614,04 1.3.1 Capital 1.3.2 9 893,36 94 924,94 Tax (15%) 1.3.3 Gross 484 782,70 75 849,08 -9 893,36 -75 849,08 Bad Debts TOTAL 1.3.4 4 400,00 1 922,27 14 737,42 -1 348,36 1.3.5 (5 x 2) (10
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