A Business Transaction Creating an Outflow of Net Assets Resulting

question 29

Multiple Choice

A business transaction creating an outflow of net assets resulting from the purchase of supplies is a(n) :

• A) cash disbursement.
• B) equity transaction.
• C) expense transaction.
• D) income transaction.

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Definitions:

Arboreal

Relating to or resembling a tree or life in the trees; often used to describe animals that live in trees.

Diurnal

Active during the day and at rest at night.

Hominoids

A term referring to the group of primates that includes all the great apes and humans.

Lemurs

A group of primates known for their large eyes and tail, native exclusively to the island of Madagascar and surrounding areas. They are noted for their diverse species and ecological roles in their habitats.