Which of the following is $\underline{not}$ true of accounting allocations?
A)Examples include depreciation and cost of good sold.
B)They are arbitrary.
C)No method can be proved superior to another method.
D)They are not useful in providing financial information.

Question

Quizplus · Accepted Answer

Accounting allocations are useful in providing financial information. They are used to allocate costs and expenses to the appropriate periods, products, or departments. This helps to provide a more accurate picture of the financial performance of a business. Examples of accounting allocations include depreciation and cost of goods sold. While accounting allocations are somewhat arbitrary, different methods can be used to allocate costs and expenses, and some methods may be more appropriate than others depending on the situation.

Which of the Following Is not‾\underline{not}not​ True of Accounting Allocations? A)Examples Include Depreciation and Cost of

Which of the Following Is $\underline{not}$ True of Accounting Allocations?
A)Examples Include Depreciation and Cost of