An Ordinary Expense I.is Normal, Common, and Accepted Under the Circumstances of the Circumstances

question 14

Multiple Choice

An ordinary expense
I.is normal, common, and accepted under the circumstances of the business community.
II.is an expense commonly incurred in an income-producing activity.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Granting Claims

The process of approving requests or demands, often in the context of insurance or customer service.

Aortic Semilunar Valve

A valve located between the left ventricle of the heart and the aorta that prevents blood from flowing back into the heart.

Intercostals Space

The anatomical space between two ribs, which contains muscles, nerves, and blood vessels.

Stethoscope

A medical instrument used for listening to the internal sounds of the body, such as the heart and lungs.