Which of the Following Is Not True for an Operating

question 138

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.

---

Definitions:

Liquids

A state of matter characterized by an indefinite shape that conforms to the shape of its container, but with a definite volume.

Solids

Materials with a fixed shape and volume, characterized by strong intermolecular forces.

Density

A physical property defined as the mass per unit volume of a substance, often used to identify or characterize materials.

Volume

The amount of space that an object or substance occupies, measured in cubic units.