Which of the Following Is a Recordable Transaction for the Company

question 33

Multiple Choice

Which of the following is a recordable transaction for the company, Bobby and Sandy 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 lent $500 to an employee.

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Definitions:

Uniform Anatomical Gifts Act (UAGA)

Legislation that facilitates the donation of organs and tissues for transplantation purposes.

Bequeath

The act of leaving personal property to someone through a will.

Personal Representative

A personal representative is an individual appointed to administer the estate of a deceased person under a will or through a court process.

Nonprobate

Refers to assets or property that will pass to survivors by means other than a will, such as through trust or designated beneficiary.