Which of the Following Actions Result from a Pledge (With

question 66

Multiple Choice

Which of the following actions result from a pledge (with agreement to pay) to a non- profit organization?

• A) A receivable is recorded.
• B) The cash receipts transaction file increases by one record.
• C) A purchase order is generated.
• D) The open invoice file record is closed.

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Definitions:

Merging Company

A company involved in a merger, where two or more companies combine to form a new entity or one is absorbed into another.

Hostile Takeovers

A strategy where a company or investor attempts to gain control of another company without the consent of the target company's management.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals within an organization.

Target Corporation

A large retail company headquartered in the United States, known for offering a wide range of consumer goods, from clothing to home furnishings.