Which statement shows the firms operations for a specified

Question

1. The bid-ask spread exists because of ___________________________________ .

(A) market inefficiencies.

(B) discontinuities in the markets.

(C) the need for dealers to cover expenses and make a profit.

(D) lack of trading in the markets.

2. Which statement shows the firm's operations for a specified period of time?

(A) Balance Sheet.

(B) Income Statement.

(C) Ratio Analysis.