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State Whether the Following Statements Are True Or False.Sub-underwriters Are Responsible Only to the Underwriter . - Financial Accounting(Financial Accounting and Auditing 9)

True or False

State whether the following statements are True or False.
Sub-underwriters are responsible only to the underwriter .

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Solution

True

Concept: Underwriting of Shares and Debentures

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State Whether the Following Statements Are True Or False.Sub-underwriters Are Responsible Only to the Underwriter . - Financial Accounting(Financial Accounting and Auditing 9)

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