The "get" event represents an activity which
A)includes a promise to engage in future economic exchanges.
B)increases the organization's stock of an economic resource.
C)reduces the organization's stock of a resource that has economic value.
D)increases the organization's liabilities.

Question

Quizplus · Accepted Answer

The "get" event involves the acquisition of an economic resource, which means that it increases the organization's stock of that resource. Option A may apply to certain activities, but it is not specific to the "get" event. Options C and D are not applicable to the "get" event.

The "Get" Event Represents an Activity Which