Which of the Following Business Events Would NOT Be Recorded

question 85

Multiple Choice

Which of the following business events would NOT be recorded in a company's accounting records?

• A)The company paid a monthly utility bill of $1,000.
• B)The company issued 100 shares of common stock for $75,000.
• C)The company purchased two acres of land for future plant expansion for $600,000.
• D)The company signed a contract to provide services in the next accounting period for $125,000.

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Definitions:

Premium Tickets

Higher-priced tickets that offer additional benefits or superior seating and viewing experiences at events.

Three-Eighths Interest

Refers to a specific interest rate of 3/8, or 0.375, often used in financial agreements or calculations.

Ski Chalet

A type of mountain lodge or cabin, often located in ski resorts, designed primarily for accommodation and leisure activities related to skiing.

Billing

The process of sending or presenting invoices to customers for goods or services provided.