Which of the Following Is not True for an Operating

question 77

Multiple Choice

Which of the following is not true for an operating expenditure?

• A)It is recorded with a debit to a statement of financial position account.
• B)It benefits the current period only.
• C)It is incurred to maintain an asset in its normal operating condition.
• D)It often recurs.

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Definitions:

Earn Their Trust

The process of establishing credibility and reliability with others to foster confidence in one’s intentions and actions.

Employee Retention

The efforts and strategies employers use to keep their employees from leaving their jobs, often involving improving job satisfaction.

Community Beautification

Efforts and initiatives aimed at improving the physical appearance of a town, neighborhood, or city to enhance quality of life and community pride.

Parks and Planters

Initiatives or projects focused on creating or enhancing green spaces, such as parks and planter boxes in urban environments, for aesthetic, environmental, and community benefits.