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Which of the following statements is true regarding economic events? a. The signing of a service contract is an example of an external event that
Which of the following statements is true regarding economic events?
a. The signing of a service contract is an example of an external event that is recorded in the accounting records.
b. Every event which affects an entity can be identified from a source document.
c. All internal and external events must be measured with sufficient reliability.
d. External events involve exchanges between an entity and another entity outside the company.
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