Nester, a salesperson for Olive Grove Corporation, learns that Olive Grove will increase the dividend it pays to shareholders. Nester buys 10,000 shares of Olive Grove stock. When the dividend is announced to the public and the price of the stock increases, Nester sells his shares for a profit. Nester would not be liable for insider trading if the information about the dividend was?
A)
material when he sold the stock.
B) available to the public after he bought the stock.
C) available to the public before he bought the stock.
D) forward-looking when he bought the stock.
C
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Answer the following statements true (T) or false (F)
1. The cost per equivalent unit for transferred in units is calculated by dividing total transferred in costs by the equivalent units of production for transferred in units. 2. When raw materials are purchased on account, the Accounts Payable account is credited. Process costing is used. 3. The Raw Materials Inventory account is debited when direct materials are issued for production. Process costing is used. 4. When indirect materials are used in production, the Manufacturing Overhead account is credited. Process costing is used. 5. When indirect materials are used in production, the Raw Materials Inventory account is credited. Process costing is used.
Linear organizational patterns are generally preferred by ______-context cultures.
Fill in the blank(s) with the appropriate word(s).
E-procurement has caused the time between order and delivery to increase significantly
Indicate whether the statement is true or false
The system of accounting where revenues are recorded when they are earned and expenses are recorded when they are incurred is called the cash basis of accounting
Indicate whether the statement is true or false