Question

What did Giant acquire from Small?

1) All of Small's common stock
2) Some of Small's common stock
3) None of Small's common stock
4) Cannot be determined

Answer 1

Without specific details on the acquisition between Giant and Small, it cannot be determined what Giant has acquired. The provided information only describes the general process of buying and selling stock.

Step-by-step explanation:

The information provided does not explicitly state what Giant acquired from Small. It explains the nature of buying and selling corporate stock, mentioning that when you buy stock, you are purchasing a small slice of ownership from the current holder of the stock and not directly from the company. Since Giant acquiring something from Small is not specified within the context of the information given, the answer to the question 'What did Giant acquire from Small?' is 4) Cannot be determined with the information provided.