Which of the following does not correctly describe a business transaction?
A)They include exchanges of assets or services by one business for assets, services, or liabilities from another business.
B)They include the using up of insurance paid for in advance.
C)They have an economic impact on a business entity.
D)They do not include measurable internal events such as the use of assets in operations.

Question

Quizplus · Accepted Answer

A business transaction includes measurable internal events such as the use of assets in operations.

Which of the Following Does Not Correctly Describe a Business