Which of the following statements is CORRECT?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 12C: Researching GAAP Situation Hamilton Company operates in an industry with numerous competitors. It is...
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Which of the following statements is CORRECT?

A. Capital market instruments include both mortgages and U.S. Treasury bonds.
 
B. An example of a primary market transaction would be your uncle transferring 100 shares of Wal-Mart stock to you as a birthday gift.
 
C. The NYSE does not exist as a physical location. Rather it represents a loose collection of dealers who trade stock electronically.
 
D. While the two frequently perform similar functions, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise large blocks of capital from investors.
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