Entities desiring to issue equity or debt must provide a set of financial statements to any prospective purchaser.This set of financial statements and other information for prospective purchasers is known as a
A) Prospectus.
B) Review.
C) Patron's acquisition statement.
D) Projected audited financial information.

Question

Quizplus · Accepted Answer

A prospectus is a document required by the Securities and Exchange Commission (SEC) for entities looking to sell securities to the public. It includes a set of financial statements as well as other information about the entity and the securities being offered.

Entities Desiring to Issue Equity or Debt Must Provide a Set