For Each of the Following Events, Which Ones Result in an Exchange

question 9

Short Answer

For each of the following events, which ones result in an exchange transaction for the O'Brien Company? $$\begin{array} { | l | l | } \hline\underline{\quad\quad} & \text { a. Purchased land for cash and a note payable } \\\hline \underline{\quad\quad} & \text { b. Agreed to purchase one million inventory parts from a new supplier } \\\hline \underline{\quad\quad}& \text { c. Paid the employees for the week } \\\hline\underline{\quad\quad}& \text { d. One of our shareholders sells her shares to a new investor } \\\hline \underline{\quad\quad}& \text { e. Received inventory from a supplier under the new contract } \\\hline \underline{\quad\quad}& \text { f. Entered into a contract with a new cleaning service } \\\hline\end{array}$$

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Definitions:

Unstable

Characterizes a state or condition that lacks consistency, predictability, or emotional steadiness.

Belief Perseverance

A tendency to continue to view an initial assumption as correct despite evidence to the contradictory.

Self-serving Bias

In attribution, the tendency for people to take personal credit for acts that yield positive outcomes and to deflect blame for bad outcomes by attributing them to external causes.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.