Trading on the nys - Study guides, Class notes & Summaries
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WGU C214 Financial Management OA 2023-2024 Study Set with Complete Solutions(SCORED A+)
- Exam (elaborations) • 9 pages • 2023
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Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False? - ANSWER-False 
 
Stocks and Bonds are two types of financial instruments. True or False? - ANSWER-True 
 
When revenue is matched with cost of sales in an Income statement it is called? - ANSWER-Matching principle 
 
Basic balance sheet equation is what? - ANSWER-Equity = Assets - Liabilities 
 
Why is the balance sheet known as the permanent statement? - ANSWER-Because the other statements are reset at t...
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