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Question
34 which of the following does not represent an external business transaction? 0.22 points multiple choice expiration of an insurance policy over time. paying employees salaries. providing services to customers. purchasing office supplies.
An external business transaction involves an exchange between the business and an outside party. Paying employees salaries involves an internal transfer of funds within the business entity. Providing services to customers, purchasing office - supplies are exchanges with external parties. The expiration of an insurance policy over time is an internal accounting adjustment related to the passage of time and not an external exchange.
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Paying employees salaries.