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Odell, an Accountant, Prepares for Pronto Tacos Corporation a Financial

Question 12

Multiple Choice

Odell, an accountant, prepares for Pronto Tacos Corporation a financial statement that omits a material fact. The financial statement is included in Pronto Tacos's registration statement, which Qiana reads. Qiana buys Pronto Tacos stock. Under Section 11 of the Securities Act of 1933, for Odell to be liable for the omission, Qiana must show that she​


A) ​relied on the omission.
B) ​suffered a loss on the stock.
C) ​knew about the omission before making her purchase.
D) ​is a sophisticated investor.

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