Which One of the Following Is a Customer Transaction

question 13

Multiple Choice

Which one of the following is a customer transaction?

• A)Record Customer Information
• B)Receive Customer Payments
• C)Sell Goods to Customers
• D)All the above

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Definitions:

Capital Assets

Long-term assets acquired for business use and not expected to be converted to cash in the coming year, typically including buildings, machinery, and equipment.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Subsidiary

An entity that is controlled by another entity (known as the parent company).

Shares

units of ownership interest in a corporation or financial asset, providing a portion of the profits to shareholders as dividends.