Which of the Following Is a TRUE Statement Regarding Expenses

question 208

Multiple Choice

Which of the following is a TRUE statement regarding expenses?

• A)Expenses represent future benefit to the company.
• B)The expense recognition principle recognizes expenses in the same period in which the related revenues are earned.
• C)Expenses will never result in the creation of a liability account.
• D)The critical event for recording salary expense is the payment of cash.

---

Definitions:

Left Lymphatic Duct

A major lymphatic vessel that drains lymph from the lower body and left side of the upper body into the bloodstream.

Subclavian Vein

A major vein that receives blood from the arm through the axillary vein and runs under the collarbone (clavicle) to return blood to the heart.

Brachiocephalic

Pertaining to the brachiocephalic artery or vein, essential for transporting blood to the arms and head.

Teleconferencing

The use of telecommunications technology to hold meetings or discussions among participants in different locations.