Which of the Following Is NOT an Asset Use Transaction

question 66

Multiple Choice

Which of the following is NOT an asset use transaction?

• A) paying cash dividends
• B) paying cash to purchase land
• C) paying off the principal on a loan
• D) paying salaries to employees

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Definitions:

Allocates

The process of distributing resources or tasks among people or places, typically according to a plan.

Fixed Amount

A specific, unchanging quantity or sum, often relating to financial transactions, salaries, or budgets.

Rules

Established guidelines, principles, or regulations designed to govern behavior or procedures within a specific context or organization.

Procedures

Step-by-step instructions or guidelines designed to perform a specific task or to achieve a certain objective within an organization.