Expenses that affect the operating activities of more than one interim period are allocated among the periods based on an estimate of
A) time expired.
B) benefit received.
C) activity associated with the periods.
D) All of these answer choices are possible estimate bases.

Question

Quizplus · Accepted Answer

Expenses that affect multiple interim periods can be allocated based on various estimates, including time expired, benefit received, and activity associated with the periods. This allows for a more accurate reflection of the expenses' impact over time.

Expenses That Affect the Operating Activities of More Than One