An exchange of value between two entities that yields a change in the accounting equation is called:
A) The accounting equation.
B) Recordkeeping or bookkeeping.
C) An external transaction.
D) An asset.
E) Net Income.
C) An external transaction.
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Describe how Marshall McLuhan’s classical medium theory describes the Electronic Age.
What will be an ideal response?
__________refers to communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response
Fill in the blanks with correct word.
Suppose the credit terms offered to your firm by its suppliers are 2/10, net 30 days. Your firm is not taking discounts, but is paying after 22 days instead of Day 30. You point out that the nominal cost of not taking the discount and paying on Day 30 is approximately 37%. But since your firm is neither taking discounts nor paying on the due date, what is the effective annual percentage cost (not the nominal cost) of its costly trade credit, using a 365-day year?
A. 88.3% B. 70.4% C. 77.2% D. 78.9% E. 84.9%
In condominiums, the owner really owns air space
Indicate whether the statement is true or false