Question

Modern Art Online is preparing to sell new shares of stock to the general public. As part of this process, the firm just filed the required paperwork with the SEC that contains the material information related to this issue of stock. What is the name associated with this paperwork?

a. Comment letter
b. Red herring
c. Prospectus
d. Registration statement
e. Security agreement

Answer 1

Answer:

d. Registration statement

Explanation:

Based on the information provided within the question it can be said that the name associated with this paperwork is a registration statement. Within the United States of America every single company must file this document with the Securities and Exchange Commission before releasing a public offering such as stocks or bonds.