Which of the Following Is One of the Conditions for Recognition

question 57

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 paid.
• B)The expense will 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:

Shivering

An involuntary response to cold, involving rapid, rhythmic muscle contractions to generate heat and increase body temperature.

Muscle Tissue

Muscle tissue is a specialized tissue in animals designed to contract and produce force and movement.

Epithelial Tissues

Layers of cells that cover internal and external surfaces of the body, including skin, glands, and lining of organs, serving as protective barriers and involved in absorption and secretion.

Basement Membrane

The thin, non-cell layer of an epithelial membrane that attaches to the underlying tissues; consists of tiny fibers and polysaccharides produced by the epithelial cells.