What Type of Transaction Would Not Initially Be Recorded in the General

question 5

Multiple Choice

What type of transaction would not initially be recorded in the general ledger?

• A) Payment of a lawsuit settlement of $5 million
• B) Payroll
• C) Disposal of long-term assets
• D) Issuance or retirement of bonds and stock

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Definitions:

Beginning College

The initial stage of higher education where students adapt to college life and academic responsibilities.

Starting a Career

The initial phase of entering the workforce or professional field, which encompasses choosing a profession, acquiring the necessary education or skills, and securing the first job or position in the chosen field.

Moving

The act of changing one’s residence or place of business; involves packing, transporting, and unpacking personal belongings or equipment.

Relativistic

Pertaining to the concept that points of view have no absolute truth or validity, being dependent instead on the perspectives and contexts from which they arise.