Which of the Following Is Not an Expense Recognition Approach

question 21

Multiple Choice

Which of the following is not an expense recognition approach recognized by the FASB as an expense recognition principle to properly match expenses against revenues?

• A)immediate recognition
• B)systematic and rational allocation
• C)cash payment
• D)association of cause and effect

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Definitions:

Guided Discussion

A conversation led by a facilitator to explore or teach specific topics in a structured manner.

Telephone Surveying

A method of collecting information or opinions from individuals through voice calls.

Honest Responses

Honest responses refer to answers or reactions that are sincere and truthful, without deception or evasion.

Symbolic Interaction Theory

Examines the everyday behavior of individuals.