_____ items are depicted in words and numbers on the face of the financial statements, with amounts included in the totals.
A)Recognized
B)Realized
C)Actualized
D)Objective
E)Relevant

Question

Quizplus · Accepted Answer

The word "recognized" refers to items that have met certain criteria for inclusion on the financial statements, such as meeting the definition of an asset, liability, revenue, or expense. These items are depicted in words and numbers on the face of the financial statements with amounts included in the totals.

_____ Items Are Depicted in Words and Numbers on the Face