Which Statement Is Correct

question 6

Multiple Choice

Which statement is correct?

• A) As long as a company consistently uses the cash basis of accounting, IFRS allow its use.
• B) The use of the cash basis of accounting violates both the revenue recognition and expense recognition principles.
• C) The cash basis of accounting is objective because no one can be certain of the amount of revenue until the cash is received.
• D) As long as management is ethical, there are no problems with using the cash basis of accounting.

Comprehend web development technologies and languages.

Distinguish between different types of programming paradigms and environments.

Understand the concept and importance of testing in software development.

Recognize the role of updates and service packs in software maintenance.

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Definitions:

Appropriation

The legislative process of allocating funds to specific governmental purposes, projects, or activities.

Department of Transportation

A federal Cabinet department of the U.S. government concerned with transportation, responsible for highways, railroads, aviation, and maritime shipping.

Spending Bill

Legislation proposed and passed by a legislative body that authorizes government spending on specific programs, services, or activities.

Lawmaking Process

The procedure through which proposals are introduced, studied, and discussed in legislative bodies to become law.