A business activity that does not involve an exchange of economic consideration between two parties is called a(n):

Question

Quizplus · Accepted Answer

Business events are defined as measurable occurrences that affect the financial condition of a business, and they may or may not involve an exchange of economic consideration. Withdrawals and equity transactions both involve exchanges of economic consideration, while accounts receivable and business transactions both involve a transfer of economic value.

A Business Activity That Does Not Involve an Exchange of Economic