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Regarding Presentation of Expenses by Nature Versus Function, Function Refers

Question 51

Multiple Choice

Regarding presentation of expenses by nature versus function, function refers to


A) the type of expense, such as depreciation, purchases, or employee benefits.
B) whether the expense actively contributed to generation of income.
C) the business activity to which the expense relates.
D) the name of the cost centre responsible for the expense.

Correct Answer:

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