For Proper Matching of Revenues and Expenses, the Estimated Cost

question 120

True/False

For proper matching of revenues and expenses, the estimated cost of fringe benefits must be recognized as an expense of the period during which the employee earns the benefits.

---

Definitions:

Halfway Houses

Living facilities that offer people with long-term mental health problems the opportunity to live in a structured, supportive environment while they are trying to reestablish employment and ties to family and friends.

Community-Based

Approaches or activities that are rooted in and directly involved with the local community, often emphasizing local participation and benefits.

Mental Health Problems

A wide range of conditions that affect mood, thinking, and behavior, leading to distress or impairment in daily functioning.

Incarcerated Inmates

Individuals who are held in a prison or jail as punishment for crimes they have been convicted of committing.