Which of the Following Is an Accounting Transaction

question 80

Multiple Choice

Which of the following is an accounting transaction?

• A)A manager hires an employee.
• B)A manager orders supplies.
• C)A manager signs a promissory note and receives cash.
• D)A manager agrees to deliver their product in three weeks.

Distinguish between key characteristics of major animal groups, focusing on protostomes, deuterostomes, and sponges.

Understand the principles of solubility and precipitation in chemical reactions.

Identify solid products in double displacement reactions.

Recognize the concepts of saturated solutions and solubility.

---

Definitions:

Free Entry and Exit

A market condition where firms can enter or leave an industry without facing major obstacles or costs.

Economic Profits

The surplus remaining after total costs are deducted from total revenue, considering both explicit and implicit costs.

Economic Profit

The distinction in a corporation's gross income versus its overall charges, factoring in both apparent and assumed costs.

Zero Economic Profit

A situation where a company's total revenues exactly equal its total costs, implying normal profit but no economic profit above that.