Which of the Following Is an Accounting Information System Activity

question 17

Multiple Choice

Which of the following is an accounting information system activity that can be classified as a payroll business transaction?

• A) approval of new employees
• B) receipt of customer payment
• C) processing of vendor invoices
• D) payment for goods or services

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Definitions:

Specified Date

A specific calendar date agreed upon as relevant or due for a particular activity or event.

Specified Price

Another term for Strike Price, indicating the predetermined price involved in a contractual agreement.

Convertible Bonds

Bonds that can be converted into a predetermined amount of the issuing company's equity at certain times during its life, usually at the discretion of the bondholder.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a predetermined period.