Which of the following is NOT a business transaction? O The company buys land for cash. O The company pays a dividend to its stockholders. O The company hires a new CEO. O The company sells goods on account. All of the above are business transactions.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is NOT a business transaction?
O The company buys land for cash.
O The company pays a dividend to its stockholders.
O The company hires a new CEO.
O The company sells goods on account.
All of the above are business transactions.
Transcribed Image Text:Which of the following is NOT a business transaction? O The company buys land for cash. O The company pays a dividend to its stockholders. O The company hires a new CEO. O The company sells goods on account. All of the above are business transactions.
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A business transaction is one which is related to the day-to-day operations of business. It must involve financial impact and can be measured in terms of money.

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