Which of the Following Is a Recordable Transaction for a Gardening

question 122

Multiple Choice

Which of the following is a recordable transaction for a gardening supply store?

• A)The company signed an agreement to rent store space at $200 month.
• B)The vice president of the company spoke at a luncheon which contributed to enhancing the company's reputation as a responsible company.
• C)The company ordered supplies for $500.
• D)The company loaned $500 to an employee.

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Definitions:

Farm Cooperative

A group of farmers who pool their resources in certain areas of activity, aiming to increase their economic power and secure their livelihoods.

Electric Power

The generation, transmission, and distribution of electricity for use in industrial, commercial, and residential settings.

Corporations

Legal entities that are separate and distinct from their owners, capable of owning property, suing and being sued.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and potentially a claim on part of its profits.