For each of the following, indicate how the event would most likely be categoriz
ID: 2410981 • Letter: F
Question
For each of the following, indicate how the event would most likely be categorized.
A. Internal Event
B. No Transaction
C. External Exchange
A company sells $2 million in goods for immediate payment.
The company uses up office supplies.
The stock market rises 10% and the value of a company's stock increases.
A company pays cash to an inventor for the legal rights to produce a new product.
Management promises to pay workers an overtime bonus as required by their union contract.
A company uses up supplies to manufacture a product.
A company receives $1 million in orders but no down payments.
A company sells $2 million in goods for immediate payment.
The company uses up office supplies.
The stock market rises 10% and the value of a company's stock increases.
A company pays cash to an inventor for the legal rights to produce a new product.
Management promises to pay workers an overtime bonus as required by their union contract.
A company uses up supplies to manufacture a product.
A company receives $1 million in orders but no down payments.
Explanation / Answer
Sr. No. Particulars Event Categorized 1 A company sells $2 million in goods for immediate payment. External Exchange 2 The company uses up office supplies. internal event 3 The stock market rises 10% and the value of a company's stock increases. No Transaction 4 A company pays cash to an inventor for the legal rights to produce a new product. External Exchange 5 Management promises to pay workers an overtime bonus as required by their union contract. External Exchange 6 A company uses up supplies to manufacture a product. internal event 7 A company receives $1 million in orders but no down payments. No Transaction
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