You owned 300 shares of Microsoft stock. But you just sold 100 shares this morning. Which one of the following statements best describes the stock sale transaction? This is an example of a secondary market transaction. This is an example of primary market transaction. This is an example of an exchange of physical assets. This is an example of money-market transaction.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 13PB: You are a consultant working with various companies that are considering incorporating and listing...
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You owned 300 shares of Microsoft stock. But you just sold 100 shares this
morning. Which one of the following statements best describes the stock sale
transaction?
This is an example of a secondary market transaction.
This is an example of primary market transaction.
This is an example of an exchange of physical assets.
This is an example of money-market transaction.
Transcribed Image Text:You owned 300 shares of Microsoft stock. But you just sold 100 shares this morning. Which one of the following statements best describes the stock sale transaction? This is an example of a secondary market transaction. This is an example of primary market transaction. This is an example of an exchange of physical assets. This is an example of money-market transaction.
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