Which of the Following Transactions Would Not Be Considered a Secondary

question 70

Multiple Choice

Which of the following transactions would not be considered a secondary market transaction?

• A)An individual investor purchases some existing shares of stock in IBM through his broker.
• B)An institutional investor sells some Disney stock through its broker.
• C)A firm that was privately held engages in an offering of stock to the public.
• D)All of the above are secondary market transactions.

Learn how to manage and organize paid and unpaid vouchers.

Comprehend the impact of a voucher system on a company’s balance sheet and general ledger.

Grasp the significance of separation of duties in internal control and voucher systems.

Understand how to apply discounts and manage cash payments in the voucher system.

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Definitions:

Mangrove Trees

A group of trees and shrubs that live in the coastal intertidal zone, playing a crucial role in protecting shorelines and supporting marine life.

Tropical Coastal

Pertaining to the warm, moist regions near the equator that are adjacent to the sea.

Aquatic Zone

Areas of water, either fresh or salt, that are home to a wide variety of plant and animal life, segmented into different habitats like lakes, rivers, and oceans.