Pardee Company earned $25,000 of cash revenue.What kind of transaction is this?
A) asset use transaction
B) asset exchange transaction
C) asset source transaction
D) claims source transaction

Name: Pardee Company earned $25,000 of cash revenue.What kind of transaction is this? A) asset use transaction B) asset exchange transaction C) asset source transaction D) claims source transaction
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Question

Quizplus · Accepted Answer

Cash revenue is an inflow of cash, which is considered an asset source transaction.

Pardee Company Earned $25,000 of Cash Revenue