The Parents of a Teenager with a Drinking Problem Would

question 57

Multiple Choice

The parents of a teenager with a drinking problem would not lend her their car because:

• A)it is immoral to do so.
• B)of moral hazard.
• C)it is illegal to do so.
• D)they do not understand her plea.

---

Definitions:

Administrative Expense

Costs related to the general operation of a business that are not directly tied to producing goods or services, such as salaries of office staff and utilities.

Other Expense

Expenses that cannot be traced directly to operations.

Unusual Item

An uncommon or rare event that affects a company's financial statements, not expected to recur frequently.

Accounting Principles

A set of guidelines and rules that govern the accounting procedures and financial reporting of businesses, ensuring accuracy and consistency across industries.