Which of the Following Events Transactions) Is an Internal Event

question 115

Multiple Choice

Which of the following events transactions) is an internal event for a business entity?

• A)An accountant provides services for clients.
• B)An accountant purchases computer equipment to maintain business records and prepare legal documents.
• C)Periodically, part of the cost of the computer equipment used by an accountant is assigned to depreciation expenses.
• D)An accountant receives cash payments from clients who were billed for services.

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Definitions:

Dividend Growth Model

A model that estimates the value of a company's stock based on its expected future dividends and their growth rate.

Market Rate

The market rate, often referred to as the going rate, is the standard or average interest rate, wage, or price charged or paid for a specific good, service, or asset in a specific market.

Equity Securities

Financial instruments that represent ownership interest in a company or corporation, such as common stock.

Cumulative Voting

Cumulative voting is a voting system that allows shareholders to allocate their votes to one or several candidates in a way that can increase minority shareholder representation on the board of directors.