Which Statement Is Correct

question 113

Multiple Choice

Which statement is correct?

• A) As long as a company consistently uses the cash basis of accounting generally accepted accounting principles 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.

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Definitions:

Reverse Osmosis

A water purification method that forces water through a semipermeable membrane, removing contaminants.

Sustainable Water Use

The management and use of water resources in a way that meets current needs without compromising the ability of future generations to meet theirs.

Watershed Management

involves the planning, development, and conservation of water resources within a watershed, aiming to sustainably manage and use water resources while protecting the environment.

Stream Channelization

The process of straightening, deepening, widening, or otherwise modifying natural streams for purposes such as flood control or improvement of drainage and navigation.