Which of the Following Is a Definition of Expenses That

Multiple Choice

Which of the following is a definition of expenses that clearly represents an asset-liability approach?

A) Expenses are outflows or other using up of assets or incurrence of liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's major or central operations.
B) Expenses are costs directly associated with the revenue of the period.
C) Expenses are gross decreases in assets or gross increases in liabilities recognized and measured in conformity with generally accepted accounting principles that result from those types of profit-directed activities of an enterprise.
D) Expenses in the broadest sense include all expired costs which are deductible from revenues.