Test Bank for Financial Accounting 2nd Edition Spiceland, Thomas, Herrmann (Test Bank for Financial Accounting 2nd Edition Spiceland, Thomas, Herrmann)

1. Which of the following is not part of measuring external transactions? A. Using source documents to analyze accounts affected. B. Recording transactions. C. Making payments on all amounts owed. D. Analyzing transactions for their effect on the accounting equation. 2. External events include all of the following except: A. Paying employees' salaries. B. Purchasing equipment. C. Using office supplies. D. Collecting an account receivable. 3. Which step in the process of measuring exte...