Question

For each of the following, indicate how the event would most likely be categorized.

A. Internal Event

B. No Transaction

C. External Exchange

	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.
	A company pays cash to an inventor for the legal rights to produce a new product.
	Management promises to pay workers an overtime bonus as required by their union contract.
	A company uses up supplies to manufacture a product.
	A company receives $1 million in orders but no down payments.

Answer 1

Sr. No.	Particulars	Event Categorized
1	A company sells $2 million in goods for immediate payment.	External Exchange
2	The company uses up office supplies.	internal event
3	The stock market rises 10% and the value of a company's stock increases.	No Transaction
4	A company pays cash to an inventor for the legal rights to produce a new product.	External Exchange
5	Management promises to pay workers an overtime bonus as required by their union contract.	External Exchange
6	A company uses up supplies to manufacture a product.	internal event
7	A company receives $1 million in orders but no down payments.	No Transaction