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:

Nursing Process

A systematic approach used by nurses to plan and provide individualized patient care, typically involving assessment, diagnosis, planning, implementation, and evaluation.

Open-Mindedness

The willingness to consider new ideas, perspectives, and possibilities without preconceived judgments, fostering creativity and adaptability.

Scientific Process

A methodical approach to inquiry that involves observation, hypothesis formation, experimentation, and conclusion to acquire new knowledge.

pH Balanced

The property of a solution having a pH level that is considered neutral or suitable for the body or specific environments, such as skincare products.