In a ________ market, the buyer and seller are not brought together to trade securities directly but instead have their orders executed on the ________

Under the equity method, if an investee company generates net income, the investor company:

(a) does not recognize any share of the net income (b) records its proportionate share of the net income as dividend income (c) records its proportionate share as an increase in its investment account (d) records its proportionate share as an unrealized gain

Agency disclosure is handled in the following sequential steps:

a. disclose, confirm, elect. b. disclose, elect, disclose. c. confirm, elect, disclose. d. disclose, elect, confirm.