A recent Supreme Court ruling made it easier to prosecute insider trading cases by 13
Multiple Choice
5
points
doubling massive fines for those guilty of Insider trading.
eBook
specifying exactly what type of information can and cannot be disclosed.
prohibiting current or former public officials from realizing stock market gains.
considering even those who share insider information without profiting guilty.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of