A Transaction Is an Exchange or Event That Directly Affects

question 108

True/False

A transaction is an exchange or event that directly affects the assets,liabilities,or stockholders' equity of a company.

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Definitions:

Nonliteral

Pertaining to language that does not mean exactly what it says, often used in metaphors, similes, and other figures of speech.

Literal

Taking words in their usual or most basic sense without metaphor or exaggeration.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, suggesting a comparison.

Sentence

A group of words that forms a complete thought, generally including a subject and a verb, that expresses a declaration, inquiry, exclamation, or directive.