Recording as an asset expenditures that have no future economic benefit is an example of
A) strategic matching.
B) change in methods or estimates with full disclosure.
C) a fictitious transaction.
D) non-GAAP accounting.

Question

Quizplus · Accepted Answer

Recording expenditures with no future economic benefit as assets violates GAAP, as it misrepresents the financial position of the company.

Recording as an Asset Expenditures That Have No Future Economic