Which of the Following Events (Transactions)is an Internal Event for a Business

question 37

Multiple Choice

Which of the following events (transactions) is an internal event for a business entity?

• A)An accountant provides services for clients.
• B)An accountant purchases computer equipment to maintain business records and prepare legal documents.
• C)An accountant receives cash payments from clients for services performed.
• D)Periodically,the historical cost of the computer equipment used by an accountant is recorded as depreciation expenses.

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Definitions:

Whistleblower

An individual who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Fraudulent Accounting

A practice involving intentional manipulation of financial statements to present a false picture of a company's financial health.

Ethics

Ethics is the branch of philosophy dealing with moral principles that govern a person's behavior or the conducting of an activity.

Social Responsibility Initiatives

Programs or actions taken by a company to benefit society, including charitable efforts, sustainability projects, and ethical business practices.