Which of the Following Would Not Be a Proper Application

question 75

Multiple Choice

Which of the following would not be a proper application of the concept of materiality by Millridge Corporation?

• A)Transactions involving small dollar amounts are not recorded in Millridge's accounting records.
• B)Estimates of supplies on hand are used to determine the supplies expense for the period.
• C)On a monthly basis,utility bills are expensed in the month paid,rather than in the month in which services are used.
• D)Immaterial items are ignored in making end-of-period adjusting entries.

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Definitions:

Conditioned Taste Aversions

An acquired response where an individual avoids a food or flavor that has previously been associated with illness or discomfort.

Coyotes

A species of canine found throughout North and Central America, adaptable and known for its cunning and ability to live in both wild and urban areas.

Sheep

Domesticated ruminant mammals, typically kept as livestock for wool, meat, and milk.

Operant Conditioning

A method of learning where behavior is altered by either enforcing it positively or disciplining through consequences.