Which of the Following Is Not a Transaction to Be

question 46

Multiple Choice

Which of the following is not a transaction to be recorded in the accounting records of an entity?

• A)Investment of cash by the owners.
• B)Sale of product to customers.
• C)Receipt of a plaque recognizing the firm's encouragement of employee participation in the United Way fund drive.
• D)Receipt of services from a "quick-print" shop in exchange for the promise to provide advertising design services of equivalent value.

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Definitions:

Cultures

The shared values, practices, and social behaviors of particular groups, communities, or societies, often distinguished by tradition, language, and collective identity.

Metric System

An international decimal system of weights and measures based on the meter for length and the kilogram for mass.

International Trade

The exchange of goods, services, and capital across international borders, facilitating global economic activity.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrating differences in traditions, languages, and values.