Which of the Following Is an Example of a Non-Monetary

question 15

Multiple Choice

Which of the following is an example of a non-monetary transaction?

• A)The purchase of inventory on account.
• B)The recording of amortization expense.
• C)The expiry of prepaid insurance.
• D)The purchase of land by issuing shares.

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Definitions:

Adipose Tissue

Adipose tissue is a type of body fat or connective tissue primarily composed of adipocytes, used for the storage of energy and as insulation and cushioning for the body.

Protective Cushion

A safeguarding structure or material that mitigates impact or pressure, often found in biological contexts like the pads of tissue that protect underlying organs.

Elongated Fibers

Refers to cells that have been stretched or lengthened, often found in muscle and connective tissues.

Muscular Tissue

A tissue composed of fibers accountable for producing force and motion in the body, including movement of organs and the body itself.