Which of the Following Is Not a Characteristic of the Accrual

question 134

Multiple Choice

Which of the following is not a characteristic of the accrual basis of accounting?

• A) Revenues and expenses are reported in the period in which cash is received or paid.
• B) Revenues are reported on the income statement in the period in which they are earned.
• C) The accrual basis of accounting supports the matching concept.
• D) Expenses are reported in the same period as the revenues to which they relate.

---

Definitions:

Life-expectancy

The average period that an individual is expected to live, based on statistical averages of age, sex, and other factors.

Schizophrenia

A chronic mental health disorder manifesting in disordered thoughts, perceptions, emotions, and behavior.

Disorder

An interruption in typical mental or physical processes, presenting as a disorder or an unusual state.

Psychotic Episode

A period during which an individual experiences distorted perception of reality, often including hallucinations, delusions, and disorganized thinking.