Which of the following items is(are) included as part of a company's current assets? a. Accounts payable O b. Inventory c. Accounts receivable d. Statements b and care correct e. All of the statements above are correct The balance sheet: a. Is a statement of the firm's financial position at a specific point in time. O b. Is a statement of the firm's revenues and expenses over a specific period of time. O c. Is a statement reporting how much of the firm's earnings were retained in the business rather than paid out in dividends. O d. Is a statement reporting the impact of a firm's operating, investing, and financing activities on cash flows over an accounting period. O e. None of the above is correct. The Statement of Income and Expenses includes all of the following items, except: a. Accounts Receivable b. Sales c. Fixed Expenses O d. Variable Expenses e. Taxes Which of the following is a primary market transaction? a. You sell 200 shares of IBM stock on the NYSE through your broker b. IBM issues 2,000,000 shares of new stock and sells them to the public through an investment banker c. One financial institution buys 200,000 shares of IBM from another institution. An investment banker arranges the transaction d. IBM sells 2,000,000 shares of treasury stock (pre-existing shares) to its employees when they exercise options that were granted in prior years e. IBM purchases 2,000,000 shares of its own stock on the NYSE, and keeps the stock as treasury stock