Which of the Following Is Not an Accounting Event

question 54

Multiple Choice

Which of the following is not an accounting event?

• A)A customer places an order for goods.
• B)A firm issues stock for cash.
• C)A firm received,but did not pay,a bill for advertising.
• D)A firm purchased equipment on account.

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Definitions:

Public Policy

Government actions or stances designed to address issues of public concern and promote the welfare of the community as a whole.

Craigslist Case

Refers to legal challenges involving the classified advertisements website Craigslist, often concerning copyright, defamation, or discriminatory practices.

Legislative History

This term refers to the documents that are produced by the legislature during the enactment of a law, which can include debates, committee reports, and amendments.

Plain Meaning Interpretation

A method of legal interpretation where courts determine meaning based on the ordinary, literal, or straightforward sense of the language.