A business activity that does not involve an exchange of economic consideration between two parties is called a(n)
A) withdrawal
B) account receivable
C) business transaction
D) business event
E) equity transaction

Question

Quizplus · Accepted Answer

A business event includes occurrences that affect the operations of a business but do not involve an exchange of economic consideration, distinguishing it from transactions which do involve such exchanges.

A Business Activity That Does Not Involve an Exchange of Economic