Short Answer
For each of the following,indicate how the event would most likely be categorized.
OE (Observable External Event)
OI (Observable Internal Event)
UE (Unobservable Event)
NT (No transaction)
____ 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.
____ Each day the company owes more interest on a loan.
____ A company pays cash to an inventor for the legal rights to produce a new product.
____ Management pays workers an overtime bonus as required by their union contract.
____ A company uses up supplies to manufacture a product.
____ A company receives orders worth $1 million but no down payments.
Correct Answer:

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