On February 22, Brett Corporation acquired 230 shares of its $4 par value common stock for $23 each. On March 15, the company resold 63 shares for $27 each. What is true of the entry for reselling the shares? Multiple Choice Credit Treasury Stock $1,701 Debit Treasury Stock $1,449 Credit Cash $1,449 Credit Additional Paid-in Capital $252

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.