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    Fundamental Accounting Principles Study Set 7
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    Exam 1: Accounting in Business
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    A Business Activity That Does Not Involve an Exchange of Economic
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A Business Activity That Does Not Involve an Exchange of Economic

Question 31

Question 31

Multiple Choice

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


A) Business transaction.
B) Business event.
C) Account receivable.
D) Equity transaction.
E) Withdrawal.

Correct Answer:

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