Which Statement Is Not Correct About Expenses in the Income

question 94

Multiple Choice

Which statement is not correct about expenses in the income statement?

• A)The function of expense format classifies expenses based on their use.
• B)Some function of expense categories are depreciation, employee costs, raw materials consumed.
• C)The nature of expense format classifies expenses based on their source.
• D)Some function of expense categories are cost of sales, administration or warehouse.

---

Definitions:

Analytical Intelligence

Part of Sternberg’s Triarchic Theory of Intelligence, focusing on the ability to analyze, evaluate, judge, compare, and contrast.

Creative Intelligence

The aspect of intelligence that involves the capacity to be flexible, innovative, and inventive in thinking.

IQ Tests

Standardized assessments designed to measure human intelligence and cognitive abilities against an average score for a given population.

Innate Ability

Natural talents or skills that a person is born with, not acquired through learning.