Which of the Following Statements Is True Regarding Economic Events

question 108

Multiple Choice

Which of the following statements is true regarding economic events?

• A)The signing of a service contract is an example of an external event that is recorded in the accounting records.
• B)Every event which affects an entity can be identified from a source document.
• C)All internal and external events must be measured with sufficient reliability.
• D)External events involve exchanges between an entity and another entity outside the company.

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Definitions:

Janitorial Duties

Tasks involved in the cleaning and maintenance of buildings and grounds, such as sweeping, mopping, trash removal, and minor repairs.

Gender Gap in Earnings

The disparity between women's and men's earnings, often measured as the ratio of women's to men's median annual earnings among full-time, year-round workers.

Decreased

signifies a reduction in size, quantity, quality, or intensity of a particular entity or phenomenon.

Canadian

Relating to Canada, its inhabitants, their culture, or distinctive qualities.