When a firm markets new securities, a preliminary registration statement must be filed with A) the exchange on which the security will be listed.
B) the Securities and Exchange Commission.
C) the Federal Reserve.
D) all other companies in the same line of business.
E) the Federal Deposit Insurance Corporation.

B) the Securities and Exchange Commission.

Explanation:

Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.

In the U.S, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America.

Hence, SEC has the power to propose securities rules and regulations, and enforce federal securities law in the securities market. Therefore, when a firm markets new securities, a preliminary registration statement must be filed with the Securities and Exchange Commission.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

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