Which of the following is NOT a business transaction?
A) The company buys land for cash.
B) The company sells goods for cash.
C) The company hires a new president.
D) The company pays a dividend to its stockholders.
Correct Answer:
Verified
Q1: The Dividends account indicates an increase in
Q3: Accrued Salaries Payable is a liability account.
Q4: A company purchased Office Supplies for cash.
Q6: The debt created by a business when
Q7: A record of all the changes in
Q8: Income statement data appears as revenues and
Q9: Revenues are recorded when:
A)the company signs a
Q10: Transactions affecting Stockholders' Equity include:
A)sale of common
Q11: Any event that has a financial impact
Q30: A company received cash in exchange for
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