Which Test Determines If an Item of Accounting Information Is

question 48

Multiple Choice

Which test determines if an item of accounting information is worthwhile collecting?

• A)cost test.
• B)cost/benefit test.
• C)worthwhile test.
• D)validation test.

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Definitions:

Intentionally Harm

The deliberate action to cause damage or injury to another person or entity.

Unpaid Wages

Compensation that has been earned by an employee but has not yet been paid by the employer.

Services Rendered

Services rendered refer to the completion and provision of services agreed upon between a provider and a recipient.

Undisclosed Principal

A party in a contractual agreement whose identity is not revealed to the third party by the agent during the time of the agreement.