All of the following are asset exchange events except:
A) Purchase of raw materials with cash.
B) Use of raw materials in production.
C) Cost of shipping goods to customers.
D) Payment of production wages.

Question

Quizplus · Accepted Answer

Cost of shipping goods to customers is not an asset exchange event because it does not involve the transfer of an asset. It is an expense incurred in the process of delivering goods to customers. The other options involve the exchange of assets, such as cash and raw materials, or the payment of wages for the production of goods.

All of the Following Are Asset Exchange Events Except