Which of the following events is not a business transaction?
A) Issuance of shares in exchange for cash
B) Hired employees
C) Incurred utility expenses for the month
D) Earned revenue for services provided
Correct Answer:
Verified
Q138: On February 1, Potter Company paid £900
Q139: Vita Corporation performed services on account for
Q140: On June 6, Wing Wah Inc. purchased
Q141: Revenues are
A) the cost of assets consumed
Q142: Equity is increased by
A) dividends.
B) revenues.
C) expenses.
D)
Q144: If a corporation distributes cash to its
Q145: Equity is decreased by
A) assets.
B) revenues.
C) expenses.
D)
Q146: An income statement
A) summarizes the changes in
Q147: The statement of financial position is frequently
Q148: Equity at the end of the year
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