Which of the Following Statements Is True

question 72

Multiple Choice

Which of the following statements is true?

• A) Categorization can provide useful information about people with minimum effort.
• B) It is difficult to resist categorizing people into groups.
• C) Categorization provides a cognitive foundation for prejudice.
• D) All of the choices are correct.

---

Definitions:

Revenue Recognition

An accounting principle that determines the specific conditions under which income becomes realized or realizable, and thus recognized as revenue.

Property Taxes

Taxes levied by local governments based on the assessed value of real property.

Revenue Recognition

The accounting principle that revenue should be recorded when it is earned, regardless of when the payment is received.