An Exchange of Economic Consideration Between Two Parties That Causes

question 116

Multiple Choice

An exchange of economic consideration between two parties that causes a change in assets, liabilities or equity is called

• A) business transaction
• B) liabilities.
• C) source documents
• D) external transactions
• E) prepaid expenses

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Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to restore prosperity during the Great Depression.

Popular Front

A broad coalition of different political groups, often including communists and socialists, united for a common goal, especially seen in France and Spain in the 1930s against fascism.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939, aimed at providing relief, recovery, and reform during the Great Depression.

American Liberty League

A conservative political organization formed in 1934, opposing the New Deal and advocating for free enterprise and limited government.