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  3. Study Set
    Fundamental Accounting Principles
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    Exam 1: Accounting in Business
  5. Question
    An Exchange of Economic Consideration Between Two Parties That Causes
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An Exchange of Economic Consideration Between Two Parties That Causes

Question 116

Question 116

Multiple Choice

An exchange of economic consideration between two parties that causes a change in assets, liabilities or equity is called


A) business transaction
B) liabilities.
C) source documents
D) external transactions
E) prepaid expenses

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