The Function of an Expense Method

Multiple Choice

The function of an expense method:

A) Focuses on aggregating expenses according to the purpose within the entity (e.g., production, distribution, sales) .
B) Is commonly used under US GAAP, but is not allowed under IFRS.
C) Focuses on aggregating expenses within PL according to their type (e.g., salaries, wages, depreciation, etc.) .
D) Is preferable in the Notes because it generally provides more relevant information than other methods.