Which of the Following Events Transactions) Is an Internal Event

question 115

Multiple Choice

Which of the following events transactions) is an internal event for a business entity?

• A)An accountant provides services for clients.
• B)An accountant purchases computer equipment to maintain business records and prepare legal documents.
• C)Periodically, part of the cost of the computer equipment used by an accountant is assigned to depreciation expenses.
• D)An accountant receives cash payments from clients who were billed for services.

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Definitions:

Above-Equilibrium Wage

Wages that are set above the market equilibrium, often leading to excess supply of labor and potential unemployment.

Turnover Costs

Expenses associated with replacing personnel, including recruiting, hiring, and training new employees.

Minimum Wage

The lowest legal hourly pay rate that employers can offer to workers.

Quantity Supplied

The total amount of a product or service that sellers are willing and able to sell at a given price, over a specified period of time.