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.