2 Revenue is recognized (best answer) a. in the period when the customer receives "at least" 50% of the product or service b. in the period when cash is transferred c. using manager's discretion d in the period when it is earned and realized 3 For insider trading to occur, and require serious attention including investigation and punishment, these two conditions must be met and those with access to the information act (or will have acted) on said information a. the information is non-public and non-material in nature b the information is public and material in nature c the information is non public and non-material in nature d the information is non-public and material in nature 4 Additional Paid-in capital can best be desribed as a. cash received from the issuance of debt instruments such as bonds or commercial paper b. the value of all non-operating assets such as bonds or stock holdings of other companies c. the value that can give the acquiring company or investors a competitive edge d the value of cash or assets that the shareholders provided over and above the par value of the company's shares 5 The first thing an analyst might be advised to do before examine financial statements (Mario notes) a. retrieve a calculator or spreadsheet software b. identify the income statement and balance sheet c. get financial statements for the best performing competitor in the respective industry d check the dates! 6 The most recent jobs report (Employment Situation 3/10/2023) reading was reported at (closet answer) a. none farm payrolls fell 500,000 while the unemployment rate fell to 3.4%. A recession is immanent b non farm payrolls fell 311,000 while the unemployment rate rose to 3.6% c non-farm payrolls rose 311,000 and unemployment rate fell to 3.6% d non-farm payrolls rose 311,000 and unemployment rate edged up to 3.6%