menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 5
  4. Exam
    Exam 4: The Income Statement
  5. Question
    Which of the Following Is NOT an Acceptable Basis for the Recognition
Solved

Which of the Following Is NOT an Acceptable Basis for the Recognition

Question 18

Question 18

Multiple Choice

Which of the following is NOT an acceptable basis for the recognition of expenses?


A) Cash disbursement
B) Direct matching
C) Immediate recognition
D) Systematic and rational allocation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: On a multiple-step income statement,gains or losses

Q14: A company that changes from the declining-balance

Q15: The financial statements of Mannassass Corporation for

Q16: International Accounting Standard 8 requires<br>A) a restatement

Q17: The following expenses were recognized by Koenig

Q19: An earthquake destroyed the home office building

Q20: Jaguar Corp.purchased a patent on January 2,2009,for

Q21: A change from the straight-line method of

Q22: A material loss should be presented separately

Q23: Saginaw Inc.decided on August 1,2014,to dispose of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines