Business Mathematics

Web Application Chapter 14 page 613

Keyword:

public

Primary URL:

www.sec.gov

In her business mathematics class, Alana Wade was told that publicly held companies must publish their financial statements. The class dealt with all aspects of financial statements, calculating ratios, and vertical and horizontal analysis, but she did not know how or why financial information was made public. At the suggestion of her instructor, Alana went to the Internet and visited www.sec.gov. Using this Web site, assist Alana in answering the following questions.

1. What does SEC stand for?

2. The Securities Act of 1933 has two basic objectives. What are they?

3. In your own words, explain the purpose of registration.

The U.S. Securities and Exchange Commission Web site, www.sec.gov, is the starting point of this application. Please indicate in your answer each additional site used in your research. For each of the previous Web Applications, direction was given on how to arrive at the needed sites. For this application, see if you can research information on your own. If you are having difficulty in your search, your instructor has access to the destination URLs.