Under the Framework,which of These Is Not an Essential Characteristic

question 18

Multiple Choice

Under the Framework,which of these is not an essential characteristic of an expense?

• A) It must result in a decrease in equity
• B) It must represent a flow
• C) It must be associated with the earning of revenue
• D) It must take the form of a decrease in an asset or an increase in a liability

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Definitions:

Garage Sales

Informal events where individuals sell their used goods, such as clothing, household items, and toys, to other individuals in a casual setting.

Marketing Channel System

A network of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user.

Marketers

Professionals responsible for identifying customer needs and directing the flow of goods and services from producers to consumers.

Technologies

The application of scientific knowledge for practical purposes, especially in industry, where it involves the design and creation of tools, machines, systems, or processes.