All Revenue and Expense Items Are Considered Ordinary in Nature

question 179

Multiple Choice

All revenue and expense items are considered ordinary in nature under

• A) both IFRS and GAAP.
• B) GAAP.
• C) IFRS.
• D) neither IFRS or GAAP.

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Definitions:

Billable Hours

The amounts of an employee's work time that can be charged to a client, typically used in legal and consulting professions.

Accounting Technician

A professional skilled in maintaining and examining financial records, and performing various accounting duties.

Graphical Method

A technique involving the use of graphs to solve mathematical equations or analyze data.

Pair Of Equations

Two mathematical equations set equal to each other, often used in solving problems that require finding values for two variables.