Jodie's brother is a director at Trip Corporation. He calls her and says that Trip's earnings, not yet announced, will be up by 75 percent and that Jodie should buy Trip's common stock. Under these circumstances, Jodie:
A. cannot trade because she is the relative of an insider.
B. can trade because she obtained public information from an insider.
C. can trade because the information will eventually be made public.
D. cannot trade because she is not an insider.
Answer: A
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Classify each of the following as either a one-time or recurring costs: training personnel initial programming and testing system design-one hardware costs software maintenance costs site preparation rent for facilities data conversion from old system to new system insurance costs installation of original equipment hardware upgrades
Narek and Milena have decided to donate 100 peanut butter and jelly sandwiches to feed the hungry. After only making 25 sandwiches the first hour, they decided to look at the way they were making the sandwich. Milena thought they should switch from each person completing an entire sandwich themselves to an assembly line. This proved to speed up the sandwich making. Which type of innovation does this scenario exemplify?
A. product B. exploitative C. process D. exploratory
Both the allowance method and the direct charge-off method are acceptable for tax purposes
Indicate whether the statement is true or false
U.S. GAAP and IFRS require firms to recognize as assets identifiable intangibles acquired in external market transactions. Which of the following is/are true?
a. The exchange between an independent buyer and seller provides evidence of the existence of expected future benefits, and the exchange price provides evidence of the fair value of those benefits. b. In external market transactions, identifiable intangibles include patents, trademarks, customer lists, and other economic resources ready for use, as well as in-process technologies with uncertain future benefits. c. In external market transactions, identifiable intangible assets have either finite lives or indefinite lives. d. In external market transactions, firms must amortize intangible assets with finite lives, generally using the straight-line method. e. all of the above