Which of the Following Is Not a Recordable Transaction

question 57

Multiple Choice

Which of the following is not a recordable transaction?

• A)Issued shares of stock to investors in exchange for cash contributions of $4,000.
• B)Ordered inventory from suppliers for $3,000.
• C)Sold equipment to another company for $3,000 and accepted a note from the company promising payment in 6 months.
• D)Borrowed money from the bank by signing a promissory note for $2,000.

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Definitions:

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, responsible for focusing most of the light that enters the eye.

Retina

A light-sensitive layer at the back of the eye that converts light images into nerve signals that are sent to the brain.

Pupil

The circular opening in the center of the iris of the eye, which regulates the amount of light that enters.

Lens

A transparent optical component that focuses or disperses light rays, used in a variety of devices such as glasses, cameras, and microscopes to enhance vision or capture images.