Essay
For each of the following,indicate how the event would most likely be categorized.
EVENT
______ (1)A company sells $2 million in goods for immediate payment.
______ (2)The company uses up office supplies.
______ (3)The stock market rises 10% and the value of a company's stock increases.
______ (4)A company pays cash to an inventor for the legal rights to produce a new product.
______ (5)Management promises to pay workers an overtime bonus as required by their union contract.
______ (6)A company uses up supplies to manufacture a product.
______ (7)A company receives $1 million in orders but no down payments.
CATEGORY
EE - External Exchange
IE - Internal Event
NT - No Transaction
Correct Answer:

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