Which Statement Is Not Correct About Expenses on the Statement

Multiple Choice

Which statement is not correct about expenses on the statement of income?

A) Classifying expenses by function means that expenses are reported according to the activity for which they are incurred.
B) Examples of expenses classified by nature are salaries and depreciation.
C) Companies following ASPE do not have to list their expenses in any particular order.
D) Expenses must be classified in decreasing order of magnitude.