Which of the following is NOT a business transaction?
A) A company buys goods on account.
B) A company sells land for cash.
C) A company fired 10 percent of the employees due to lackluster sales.
D) A company borrows money from the bank.
Correct Answer:
Verified
Q4: The account is the basic summary device
Q5: A record of all the changes in
Q6: An account receivable represents the promise of
Q7: Prepaid rent is an expense because the
Q8: Which of the following is a CORRECT
Q10: Which of the following is a business
Q11: An accrued liability is a liability for
Q12: Which transaction increases stockholders' equity?
A)sale of common
Q13: Assets include cash,land,and accounts payable.
Q14: Which account includes balances in multiple checking
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