Which of the Following Is an Asset Exchange Transaction

question 108

Multiple Choice

Which of the following is an asset exchange transaction?

• A)Issued common stock.
• B)Accrued salary expense at the end of the accounting period.
• C)Recognized revenue earned on a contract where the cash had been collected at an earlier date.
• D)Collected cash on accounts receivable

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Definitions:

Driving Forces

Elements that motivate or push an organization or individual towards a particular direction or goal.

Restraining Forces

are factors or influences that resist or oppose change, hindering movement towards a desired state.

Stability

The quality of being resistant to change, maintaining a consistent state over time, or returning to an equilibrium after a disturbance.

Predictable Role Patterns

Established behaviors and responsibilities expected from individuals in specific positions within an organization.