Consider the Following Transactions

question 5

Multiple Choice

Consider the following transactions.
(i) Collect $100 000 from accounts receivable.
(ii) Receive $80 000 from a client for work to be done in the next accounting period.
(iii) Inventory (costing $50 000) sold on credit for $90 000.
(iv) Shares issued for $1 million.
Which of the above transactions do NOT increase revenue?

• A) (i)and (ii)only
• B) (ii)and (iii)only
• C) (i)and (iii)only
• D) (i),(ii)and (iv).

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Definitions:

Social Psychology

The exploration of how the real, perceived, or suggested presence of others affects individuals' mental states, emotions, and actions.

Social Anthropology

The branch of anthropology that studies how contemporary human societies and cultures operate and organize themselves.

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The study of genes, heredity, and the variation of organisms.