CPA QUESTION When a common stock offering requires registration under the Securities Act of 1933: a. The registration statement is automatically effective when filed with the SEC b. The issuer would...

CPA QUESTION When a common stock offering requires registration under the Securities Act of 1933:

a. The registration statement is automatically effective when filed with the SEC

b. The issuer would act unlawfully if it were to sell the common stock without providing the investor with a prospectus

c. The SEC will determine the investment value of the common stock before approving the offering

d. The issuer may make sales 10 days after filing the registration statement