Which of the Following Business Events Would NOT Be Recorded

question 116

Multiple Choice

Which of the following business events would NOT be recorded in a company's accounting records?

• A) The company paid a monthly utility bill.
• B) The company issued 100 shares of common stock.
• C) The company purchased two acres of land for future plant expansion.
• D) The company signed a contract to provide services in the next accounting period.

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Definitions:

Showrooming

The consumer practice of examining products in a brick-and-mortar retail store without purchasing them there, then buying the product online at a lower price.

Consumer Electronics

Electrical devices intended for everyday use by individuals, such as smartphones, televisions, and laptops.

Cross-channel Shopping

The behavior of consumers who research products, compare prices, and make purchases across multiple retail channels, including online and offline.

Auction Site

A website where goods or services are sold to the highest bidder through a competitive bidding process.