Which of the following objects is an economic event?
A) Materials inventory
B) Cash
C) Purchase of materials
D) Purchasing agent
E) Supplier

Name: Which of the following objects is an economic event? A) Materials inventory B) Cash C) Purchase of materials D) Purchasing agent E) Supplier
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of materials is an economic event because it involves a transaction that affects the financial position of a business.

Which of the Following Objects Is an Economic Event