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.

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Definitions:

Mass Storage Devices

Devices designed to store large amounts of data for long-term retention; examples include hard drives, solid-state drives, and tape libraries.

Magnetic Disks

Data storage devices that use magnetic storage to record and retrieve digital information using one or more rotating disks.

Optical Storage Devices

A form of secondary storage in which a laser reads the surface of a reflective plastic platter.

Primary Storage

The main area in a computer where data is stored for quick access by the CPU, often referred to as RAM (Random Access Memory).