Which of the Following Is One of the Conditions for Recognition

question 130

Multiple Choice

Which of the following is one of the conditions for recognition of an expense?

• A)There is a reasonable expectation that cash will be received.
• B)The expense can be recognized only when cash is paid.
• 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.

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Definitions:

Tympanometry

A diagnostic test that measures the movement of the eardrum in response to changes in air pressure, used to detect problems in the middle ear.

Arterial Insufficiency

A condition characterized by inadequate blood flow through the arteries, often resulting in pain and tissue damage due to insufficient oxygen and nutrient supply.

Venous Insufficiency

A condition where the veins have problems sending blood from the limbs back to the heart, causing swelling and skin changes.

Hyperthyroidism

A condition characterized by the overproduction of thyroid hormones, leading to symptoms like increased metabolism, weight loss, and nervousness.