Which of the Following Costs Should Be Recorded as an Expense

question 43

Multiple Choice

Which of the following costs should be recorded as an expense?

• A) Administrative employee salaries
• B) Depreciation of manufacturing equipment
• C) Insurance for the factory building
• D) All of these are expenses.

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Definitions:

Assimilation

In Piaget’s theory, the developing child’s process of interpreting the environment in terms of the schemas he already has.

Accommodation

In Piaget’s theory, the developing child’s process of changing his schemas based on his interactions with the environment.

Conservation of Number

A cognitive ability in children to understand that the quantity of something remains the same despite changes in its form or arrangement.

Discontinuous

Characterized by interruptions or gaps, not following a smooth, uninterrupted progression.