In the Chart Below, Identify the Expense Recognition Method That

question 77

Essay

In the chart below, identify the expense recognition method that you feel is most appropriate and also explain why.
$$\begin{array} { | l | l | l | } \hline \text { Transaction } & \begin{array} { c } \text { Expense recognition } \\\text { method }\end{array} & \text { Why? } \\\hline \text { A. A company purchases computers for its } & & \\\text { marketing department. } & & \\\hline \text { B. A company purchases manufacturing } & & \\\text { equipment that is expected to produce } 25,000 & & \\\text { units. } & & \\\hline \text { C. A company incurs delivery costs on January 2 } & & \\\text { for a shipment of products sold seven days } & & \\ \text { earlier (before the year-end). }\\\hline\end{array}$$

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