Which of the following is an internal event (transaction)?
A) Life guard salaries are paid by a swim club.
B) Dividends are distributed to shareholders.
C) Eggs used to make omelets in a restaurant are purchased.
D) None of these choices.

Question

Quizplus · Accepted Answer

None of these choices are internal events (transactions), as they all involve interactions between the company and external parties (swim club, shareholders, and suppliers). An internal event (transaction) would be something like the purchase of office supplies by the company for its own use.

Which of the Following Is an Internal Event (Transaction)