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:

Bond Interest Expense

The cost incurred by an issuer of bonds as a result of interest payments made to bondholders over the life of the bond.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, resulting in a profit or loss.

Par

The face value of a bond or stock, representing the amount the issuer agrees to pay at maturity (for bonds) or the value attributed to a share for accounting purposes.