In Proprietary Fund Accounting,which of the Following Statements Are True

question 11

Multiple Choice

In Proprietary Fund accounting,which of the following statements are true?

• A)materials and supplies are recognized as expenditures when purchased
• B)materials and supplies are recognized as expenses when consumed
• C)capital assets are considered as expenditures when they are acquired
• D)capital assets are not recorded in proprietary funds

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.