Which of the Following Transactions Does Not Include an Increase

question 39

Multiple Choice

Which of the following transactions does not include an increase to expenses?

• A) Received and paid the phone bill
• B) Paid monthly rent
• C) Received cash for services performed
• D) Paid the week's wages
• E) Bought advertising for cash

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Definitions:

Registration Statement

A set of documents, including a prospectus, filed with the Securities and Exchange Commission (SEC) for a company intending to go public.

SEC

stands for the Securities and Exchange Commission, which is a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Securities Violation

An infraction of the laws regulating the sale, purchase, and trading of stocks, bonds, and other financial instruments.

Public Announcement

An official statement released by a company or government to the public and the media.