Consider the Following Transactions: (I)Borrows $1m from the Bank

question 2

Multiple Choice

Consider the following transactions: (i) Borrows $1m from the bank.
(ii) Collects $100 000 from accounts receivable.
(iii) Receives $90 000 from a client for work to be done in the next accounting period.
(iv) Sale of inventory (costing $70 000) on credit for $200 000.
Which of the above transactions do NOT increase revenue?

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

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Definitions:

Men and Women

Terms that refer to the two most commonly recognized genders, broadly distinguishing between male and female biological and social identities.

Predominantly Homosexual

Referring to individuals who are primarily attracted to members of the same sex, though they may occasionally experience attraction to the opposite sex.

Kinsey's Reports

Kinsey's Reports are a series of publications by Alfred Kinsey detailing human sexual behavior, groundbreaking for their detailed approach to taboo subjects.

Underestimate

To assess something or someone as less in quantity, value, or importance than they actually are.