For each of the following,indicate how the event would most likely be categorized.
-A company pays cash to an inventor for the legal rights to produce a new product.
A)NT - No Transaction
B)EE - External Exchange
C)IE - Internal Event

Question

Quizplus · Accepted Answer

This event would most likely be categorized as an external exchange because cash is being paid to an external party (the inventor) in exchange for legal rights to produce a product.

For Each of the Following,indicate How the Event Would Most