Utilities Inc

question 28

Multiple Choice

Utilities Inc. decided to go public with an initial public offering. It sold securities, some of which were bought by James Jefferson. Six months later, James sold the shares he had purchased to Martha Graham and Mark Franco. Two years later, James bought back these shares from Martha and Mark and made a profit out of both transactions. Who is the issuer in this scenario?

• A) Utilities Inc.
• B) James Jefferson
• C) Martha Graham
• D) Mark Franco

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and profit over a specific period of time.

Expense

Costs incurred by a business in the process of earning revenue, often categorized into operating and non-operating expenses.