Any Event That Affects the Financial Position of an Organization

question 66

Multiple Choice

Any event that affects the financial position of an organization and requires recording is called an) _____.

• A)transaction
• B)account
• C)posting
• D)accounting change

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Definitions:

Convergent Evolution

The independent evolution of similar traits in different species due to adaptation to similar environments or ecological niches.

Spadefoot Frog Tadpoles

The larval stage of spadefoot frogs, known for their ability to rapidly metamorphose in response to environmental conditions.

Defenseless Prey

Animals that lack overt physical defenses against predators, often relying on camouflage or escape behaviors for survival.

Carnivorous Water Beetles

A group of beetles that live in aquatic environments and feed on other organisms.