Which of the following is correct as it relates to business activities?

Multiple Choice

Business transactions involve an exchange of economic consideration between two parties but causes no change in assets, liabilities or equity

Business transactions do not involve an exchange of economic consideration and as such are not captured in the accounting records

$$ Business events do not involve an exchange of econor consideration and as such are not captured in the accounting records

Business events involve an exchange of economic consideration between two parties that cause a change in assets, liabilities or equity

All of the choices are correct