Which One of the Following Would Not Be Considered an Expense

question 28

Multiple Choice

Which one of the following would not be considered an expense of a partnership in determining income for the period?

• A) Expired insurance
• B) Salary allowance to partners
• C) Supplies used
• D) Freight-out

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Definitions:

Conformity

Behaving in a way that meets a specified standard, in coordination with a group.

Stage of Exhaustion

The phase in stress response where the body and mind are overwhelmed by stressors, leading to reduced function and possible burnout.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body goes through when under stress, as proposed by Hans Selye.

Alarm Stage

The initial reaction of the body's stress response system, involving activation of the sympathetic nervous system to prepare to face or flee from a threat.