1. When a company distributes earnings to its stockholders the company has done which of the following
A. Completed a stock split
B. Earned a record profit
C. Paid a dividend
D. Completed an audit
2. What is the difference between a primary and a secondary market.
A. a primary market if or assets in excess of $1 million dollars while a secondary deals with assets of less than $1 million dollars.
B. a primary market is for public companies, while a secondary is for private companies.
C. a primary market that deals in new financial assets, while a secondary deals with existing financial assets.
D. a primary market is companies who utilize GAAP, which a secondary is for those who do not use GAAP.