Which of the Following Criteria Does NOT Have to Be

question 4

Multiple Choice

Which of the following criteria does NOT have to be met before an event or transaction should be recorded for accounting purposes?

• A) The event or transaction must be an external event.
• B) The event or transaction can be measured objectively in financial terms.
• C) The event or transaction is relevant and reliable.
• D) The event or transaction must meet the definition of an element.

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Definitions:

Authenticity

The state or quality of being genuine, reliable, or true to its nature or origins.

Sexual Harassment

Unwanted or unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Public Records

Documents or pieces of information that are not considered confidential and are kept by government agencies, available to the general public.

Exempt Research

A category of research that is exempt from federal regulations because it involves minimal risk to participants, such as surveys or educational tests.