Which of the Following Accounting Policies Is an Example of Costs

question 62

Multiple Choice

Which of the following accounting policies is an example of costs versus benefits constraint being exercised in the disclosure of financial information?

• A)Inventory is valued at lower of cost or market.
• B)Property,plant and equipment are appraised and revalued every three years.
• C)Biological assets are stated at fair value unless the fair value cannot be measured reliably.
• D)Research and development costs are expensed as incurred.
• E)None of the given answers.

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Definitions:

Entire System

The complete and whole set of components or elements that function together as a unit.

Therapeutic Process

The dynamic interactions and experiences that occur between a therapist and a client during therapy, contributing to the client's healing and personal growth.

MST

Multi-Systemic Therapy, an evidence-based intervention focusing on the diverse systems that influence chronic and violent juvenile offenders.

Consciousness Raising

A strategy used in therapy and self-help groups to increase awareness about a particular issue or aspect of one’s self or environment, often aimed at facilitating change.