The Proceeds from a Secondary Market Sale of Securities Go

question 249

True/False

The proceeds from a secondary market sale of securities go to the corporation whose security is being traded.

---

Definitions:

Annual Amortization

The method of distributing the expense of a loan or an intangible asset over a designated timeframe for the purposes of accounting and taxation.

Noncontrolling Interest Balance

Noncontrolling Interest Balance represents the equity in a subsidiary not attributable, directly or indirectly, to a parent company’s shareholders.

Annual Amortization

The process of gradually paying off a debt through regular payments over a set period, with each payment covering both interest and principal components.

Investment Sale

The process of selling securities or assets with the aim of generating returns such as capital gains or income.