Apple's stock is traded on the NASDAQ under AAPL. Assume that Apple stock price has increased by 2.1% in a trading day. Which of the following statements is true? Apple's senior management should not care about how Apple's stock is performing, Apple will receive additional cash as the result of the change in stock price. Apple will receive a proportion of the cash generated by the increase in stock price. Apple market capitalization will increase compared to the previous day. Which of the following statements is false? The Securities and Exchange Commission requires American firms to use IFRS. GAAP and IFRS provide guidance to establish a common language to present the financial position of companies. GAAP provides accounting guidance for US businesses. Financial statements include estimates. Company Power has made a purchase on the following terms: 1/15 n/45. Which of the following is true? 1/15 and n/30 are only used in case of lawsuit. Power should take advantage of the discount because it would earn less in a savings account. Power should not take advantage of the discount because it would earn more in a savings account Power will have to return the items purchased if they do not pay in 45 days. Which of the following statements is correct? Prepaid expenses is an asset account used to record amounts due. O Prepaid expenses is an expense account used for items paid in advance. Deferred revenue is a revenue account used for funds received in advance. Deferred revenue is a liability account used for funds received in adance