Question: Question 4 1 Point Surf City Software Company develops new surf forecasting software. It sells the software to Microsoft in exchange for 1000 shares of

  1. Question 4

    1 Point

    Surf City Software Company develops new surf forecasting software. It sells the software to Microsoft in exchange for 1000 shares of Microsoft common stock. Surf City Software has exchanged a _____ asset for a _____ asset in this transaction.

    1. real, financial

    2. financial, financial

    3. real, real

    4. financial, real

  2. Question 5

    1 Point

    An option gives the holder

    1. the obligation to sell something

    2. the right to buy or sell something

    3. all answers are correct

    4. the obligation to buy something

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