Which of the Following Is Not a Characteristic of Accrual

question 99

Multiple Choice

Which of the following is not a characteristic of accrual basis of accounting?

• A) Revenues and expenses are reported in the period in which cash is received or paid
• B) Revenues are reported in the income statement in the period in which they are earned
• C) Supports the matching concept
• D) All are correct.

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Definitions:

Chronic Disease

A long-lasting condition that can be controlled but not cured, often lasting for a person's lifetime and affecting their quality of life.

Irregular Ovulation

Irregular ovulation is a condition characterized by unpredictable or absent menstrual cycles, affecting a woman's fertility.

Polygenically Determined

Traits or characteristics that result from the combined effect of multiple genes rather than a single gene.

Phenotype

The set of observable characteristics of an organism resulting from the interaction of its genotype with the environment.