Identify which of the following would be recorded as external events, recorded as internal events, or not recorded.
-The company signs a contract with the marketing firm and pays a retainer.
A)Internal event
B)External event
C)Not recorded

Question

Quizplus · Accepted Answer

This event involves a transaction with an external party and therefore would be recorded as an external event in the company's financial records.

Identify Which of the Following Would Be Recorded as External