Identify the event below where information associated with the event most likely will need to be retained for years.
A) the actual cost associated with repairing a customer's car
B) the employee who answered a customer service phone call
C) the amount of cash received from issuing stock
D) a list of services offered by the company as of the start of a fiscal year

Question

Quizplus · Accepted Answer

The amount of cash received from issuing stock is a significant financial transaction that impacts the company's equity and financial statements, requiring long-term record retention for legal and regulatory purposes.

Identify the Event Below Where Information Associated with the Event