The Jumpstart Our Business Startups Act of 2012 (JOBS) facilitates capital formation by emerging growth companies by:

Select one:

A. Providing funding for qualifying projects.

B. Providing a safe harbor for pro forma information.

C. Exempting them from certain SEC reporting requirements.

D. Guaranteeing a minimum securities value for their investors.

Use the following information on a company's investments in equity securities with no significant influence. The company's accounting year ends December 31. What amount is reported for gain or loss on these securities in 2020 income? Select one: A. No gain or loss B. $3,000 gain C. $3,800 gain D. $4,000 gain

Prival Company acquires 49.99% of the voting stock of Schaffer Company. From the viewpoint of readers of the financial statements, the most important factor Prival should consider when deciding whether to consolidate Schaffer in its financial statements is: Select one: A. Prival's percentage ownership of Schaffer's stock B. Whether consolidation will make it harder for Prival to borrow money C. Whether Prival follows IFRS or U.S. GAAP D. Whether Prival controls the performance of Schaffer

Investment Dateof Cost Fair Value Date Sold Selling Acquisition 12/31/19 Price 9/20/19$38,000 1000