Under GAAP, Companies Generally Classify Income Statement Items by

question 94

Multiple Choice

Under GAAP, companies generally classify income statement items by

• A)function.
• B)nature.
• C)nature or function
• D)date incurred.

---

Definitions:

Operating System

An operating system (OS) is system software that manages computer hardware, software resources, and provides common services for computer programs.

Fopen() Call

A function in C programming used to open a file and associate it with a stream, allowing for data to be read from or written to the file.

Operating System

The software that manages the hardware and software resources on a computer, serving as a base for all application software.

Fflush() Function

A standard library function in C that cleans up the output buffer, forcing the buffered data to be written to the output.