Which of the Following Events cannot Be Quantified into Dollars

question 159

Multiple Choice

Which of the following events cannot be quantified into dollars and cents and recorded as an accounting transaction?

• A) The appointment of a new CPA firm to perform an audit.
• B) The purchase of a new computer.
• C) The sale of store equipment.
• D) Payment of income taxes.

---

Definitions:

New-product Strategy Development

The process of defining the market approach and product positioning for introducing new products to the market.

Product Assessment

The process of evaluating a product’s performance, quality, and market potential.

New-product Strategy Development

The overall process and planning involved in identifying market opportunities and creating new products to fulfill those opportunities.

Firm's Overall Objectives

The broad, general goals of a business organization, encompassing profitability, growth, market share, and brand reputation among others.