Expensing the cost of copy paper when the paper is acquired is an example
A) materiality.
B) expense recognition.
C) conservatism.
D) industry practices.

Name: Expensing the cost of copy paper when the paper is acquired is an example A) materiality. B) expense recognition. C) conservatism. D) industry practices.
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Question

Quizplus · Accepted Answer

Materiality allows companies to expense small costs immediately rather than capitalizing them, as they are not significant enough to affect financial statements.

Expensing the Cost of Copy Paper When the Paper Is