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3. In accounting, the term to describe any event of an economic nature occurring between two entities is: A. B. C. D. E. Contract Transaction Deal Agreement None of the above

3. In accounting, the term to describe any event of an economic nature occurring between two entities is: A. B. C. D. E. Contract Transaction Deal Agreement None of the above

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer questions number 3
3. In accounting, the term to describe any event of an economic nature occurring between two entities is: 4. Contract Transaction A. B. C. Deal D. Agreement E. None of the above A balance sheet: classified operating investing and financin
Transcribed Image Text:3. In accounting, the term to describe any event of an economic nature occurring between two entities is: 4. Contract Transaction A. B. C. Deal D. Agreement E. None of the above A balance sheet: classified operating investing and financin
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