Which One of the Following Is Not a Proper Method

question 78

Multiple Choice

Which one of the following is not a proper method of recognizing assets as expenses in a particular accounting period?

• A)Customers' account balances in accounts receivable are assigned to expense in the period in which each customer pays.
• B)Prepaid insurance is assigned to expense as the insurance expires.
• C)A building is depreciated and its cost is assigned to the current and future accounting periods in which the building is expected to be used.
• D)Merchandise inventory is assigned to cost of goods sold in the period the goods are sold.

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Definitions:

Interpersonal Orientation

The way an individual characteristically interacts on a social level.

Aggressive Behaviors

Actions intended to harm or intimidate others, which can be physical or verbal.

Sensory Memory

Very brief retention of sensory experiences.

Developmental Ages

Stages of growth and development characterized by specific milestones in physical, psychological, and emotional maturation.