The power of acceptance by the offeree may be terminated by operation of law through: a. death or incompetency of the offeror b. subsequent illegality of the subject matter c. all of the above d. lapse of time

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.