In applying the treasury stock method of computing diluted earnings per share, when is it appropriate to use the average market price of common stock during the year as the assumed repurchase price?

Method of managing net income by selling investment "winners" in order to report the gains in income, and holding on to the losers. Also referred to as "cherry picking," "snacking," or "sell the best and keep the rest."

(a) amortized cost (b) gains trading (c) cash flow hedge (d) trading securities

Verifying shipments for quantity and having no damage is the responsibility of:

A) the purchasing department. B) the quality department. C) the receiving department. D) accounts payable. E) the shipping department.