A trader sold a cash-secured put hoping to build a stock position. When the stock was trading at $34.30, she sold the 33 strike put for $1.75. Not including commissions and fees, what would the outcome of the trade be if the stock was trading at $31.25 at expiration

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.