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:

Fake-Good

The phenomenon where individuals present themselves in an unrealistically positive manner, especially in the context of psychological assessments or therapy.

Adolescent Substance Abuse

Refers to the use of drugs, alcohol, or other substances in harmful amounts by teens and young adults.

SASSI

Substance Abuse Subtle Screening Inventory, a tool used to detect substance dependency and abuse in individuals, often without their explicit awareness of the test's purpose.

Pregnant Women

refers to females in the state of carrying a developing fetus within their womb.