Which of the Following Categories of Expenses Is Subject to Immediate

question 59

Multiple Choice

Which of the following categories of expenses is subject to immediate recognition on the income statement?

• A) Utilities expense for the production line of a manufacturer
• B) Repairs and maintenance expense incurred on production equipment of a manufacturer
• C) The salary of the production foreman
• D) The salary of the company president

---

Definitions:

Public Law 94-142

Public Law 94-142, also known as the Education for All Handicapped Children Act of 1975, mandates that all public schools accepting federal funds provide equal access to education for children with disabilities.

Learning Disabilities

Neurological disorders that affect the brain's ability to receive, process, store, and respond to information, impacting academic capabilities.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that interfere with functioning or development.

Dyslexia

A category of learning disabilities involving a severe impairment in the ability to read and spell.