Which of the Following Is Not One of the Conditions

question 51

Multiple Choice

Which of the following is not one of the conditions for recognition of an expense?

• A)A price has been established or can be determined.
• B)There is an agreement to purchase goods or services.
• C)The goods will be delivered or the services will be provided within the accounting cycle.
• D)The goods or services are used to produce revenue.

---

Definitions:

Social Learning Theorists

Scholars who study and explain how individuals learn social behaviors through observing others, imitating modeled behaviors, and being rewarded or punished.

Imitate Behaviours

The action of copying or mimicking the actions, speech, or mannerisms of others as a form of learning or social adaptation.

Evolved

Pertaining to the gradual development of something, often biological traits, over generations through the processes of natural selection and adaptation.

Provide

To supply or make available something that is needed or desired.