Which of the Following Is False

question 46

Multiple Choice

Which of the following is false?

• A)Relevance is the characteristic of accounting information that says the information would make a difference in a user's decision.
• B)Accounts receivable would normally be classified as a current asset.
• C)Accumulated depreciation would normally appear on the income statement.
• D)The matching principle holds that all expenses incurred in the generation of revenue should be recognized in the same period as the revenue is earned.

---

Definitions:

Housing Prices

The financial cost required to purchase residential properties, which can fluctuate based on location, economic conditions, and demand.

Urban Pioneer

Refers to individuals or families who move into urban neighborhoods that are considered deteriorating or less desirable, often with the aim of renovating properties and revitalizing the area.

Visibility

The state or condition of being able to be seen or perceived, often used metaphorically to discuss the recognition and representation of marginalized groups.

Whiteness

A social construction that privileges white people over those of other racial backgrounds, often manifesting in social, economic, and institutional practices.