Cash Disbursements May Include All of the Following EXCEPT

question 79

Multiple Choice

Cash disbursements may include all of the following EXCEPT

• A)tax payments
• B)rent payments
• C)wage payments
• D)fixed asset outlays
• E)all of the above

---

Definitions:

Property, Plant and Equipment

Long-term tangible assets held for business use and not expected to be converted to cash in the short term.

Class-by-Class Basis

A method of analysis or reporting where items are categorized and evaluated separately in distinct classes or groups.

Initial Recognition

The process of recording an asset or liability in the financial statements at the time it is incurred or acquired.

Measurement Basis

The method or approach used in accounting to determine the value at which assets, liabilities, income, and expenses are recorded in the financial statements.