You Just Concluded a Stock Purchase Transaction Via a Computer

question 80

Multiple Choice

You just concluded a stock purchase transaction via a computer hookup rather than in an organized exchange.This trade took place in the

• A)over-the-counter market.
• B)NYSE.
• C)AMEX.
• D)primary market.
• E)none of the above.

---

Definitions:

Operating Segment

A component of an enterprise that engages in business activities from which it may earn revenues and incur expenses.

Separate Disclosures

Financial reporting requirement for specific information to be provided separately in financial statements to enhance clarity and understanding.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs associated with sustaining the activity.

Total Losses

The sum of all expenses, debts, or damages that exceed gains and revenues.