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Question 1 (1 point) Indicate whether the business activity noted below is an event or a transaction. Signed a contract to purchase new equipment.

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Question 1 (1 point) Indicate whether the business activity noted below is an event or a transaction. Signed a contract to purchase new equipment. The effective date is next month. 1) event 2) transaction Question 2 (1 point) Indicate whether the business activity noted below is an event or a transaction. Purchased equipment with a credit card. 1) transaction 2) event

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