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Which of the Following Is an Illustration of the Classification

Question 21

Multiple Choice

Which of the following is an illustration of the classification issue?


A) At what amount should land be shown on the balance sheet?
B) At what point should the payment of salaries to employees be recorded?
C) Should supplies be recorded as an asset or as an expense?
D) At what point should a bill be paid for the purchase of an item?

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