Accrual Accounting,which Attempts to Match Sales Revenues and the Expenses

question 28

Multiple Choice

Accrual accounting,which attempts to match sales revenues and the expenses associated with the production of the goods,is conducted in an attempt to:

• A) reduce income-tax liability.
• B) reduce bias in reported profitability measures.
• C) speed up the receipt of accounts receivable.
• D) reduce the time necessary to depreciate assets.

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Definitions:

Epinephrine

An injectable medication used to treat anaphylaxis by causing vasoconstriction to increase blood pressure. Also, a hormone secreted from the adrenal glands. It increases heart rate, breathing rate, and blood pressure.

Nitroglycerin

A medication used to treat and prevent chest pain (angina) by dilating blood vessels and reducing heart workload.

Gauge

A measurement of the thickness or size of various objects, notably the diameter of a wire, body thickness, or the bore of a firearm.

Needles

Thin, cylindrical objects made of metal or plastic, designed for various purposes including sewing, medical injections, and as components of medical devices.