When a Company Decides to Go Public, It Must File

When a company decides to go public, it must file a registration statement with the SEC. Which of the following statements is true regarding this registration process?

A) A registration becomes effective 10 days after the final change has been submitted to the SEC.
B) Tombstone ads can be published before the registration becomes effective.
C) Securities can be sold before the registration becomes effective.
D) The financial statements submitted for the registration process must be certified for the past six years. A registration becomes effective 20 days after the final change has been submitted to the SEC. No securities can be sold before the registration becomes effective however the tombstone ads can be published. However, tombstone ads may be published to announce the anticipated offering.