Apple Computer's Stock Price Jumped When It Announced That Its

question 27

Multiple Choice

Apple computer's stock price jumped when it announced that its revenue had increased because of the successful launch of iPad and the increased sales of Macbook computers.This is an example of

• A)market risk.
• B)unsystematic risk.
• C)systematic risk.
• D)both A and C

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to prepare financial statements.

Ledger Accounts

A record within the general ledger that is used to collect and store balance and transaction information for individual items such as assets, liabilities, equity, revenues, and expenses.

Retained Earnings Account

An equity account that represents the accumulated portion of net income that a company has decided to keep and reinvest in the business rather than distribute to shareholders as dividends.