DL $2025$ Spring $-$ CRN $40684$

Alexandra Alvarez

$03/24/2510$:$57$ AM

m$/$de

Question $17$ of $51$

This test: $76$ point$($g$)$ possible

This question: $1$ point$()$ possible

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Which of the following is a TRUE statement regarding expenses?

A$.$ The critical event for recording salary expense is the payment of cash.

B$.$ The expense recognition principle recognizes expenses in the same period in which the related revenues are earned.

$$ C$.$ Expenses represent future benefit to the company.

$$ D$.$ Expenses will never result in the creation of a liability account.