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.

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Definitions:

Rescorla

Robert A. Rescorla is a psychologist known for his work on the involvement of cognitive processes in classical conditioning, particularly related to the predictability of the unconditioned stimulus.

Law of Effect

A psychological principle stating that behaviors followed by satisfying consequences tend to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response in classical conditioning.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally, naturally, and automatically triggers a response without prior conditioning.