QUESTION

1. You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunio

Category: Business
Subject: Accounting
Due Date: 07/30/2014
Question Asked: 2014-06-30 19:58:23

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1.    You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements best describes this transaction?

Answer


This is an example of an exchange of physical assets.


This is an example of a primary market transaction.


This is an example of a direct transfer of capital.


This is an example of a money market transaction.


This is an example of a derivatives market transaction.



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1. You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunio

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Posted on 2014-06-30 20:00:47

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... is an example of an exchange of physical assets. This is an example of a primary market transaction. ...

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Posted on 2014-07-01 00:56:42

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This is an example of a direct transfer of capital.

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Posted on 2014-07-29 20:48:40

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...uldn't get any easi...

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