Which of the following is not a characteristic of an accounting event?
A)Must be the result of a management decision.
B)Must be specific to the entity for which records are being kept.
C)Must be measurable in monetary term.
D)Must impact the entity's assets,liabilities,and/or owners' equity.

Question

Quizplus · Accepted Answer

Accounting events can occur due to a variety of reasons, not just management decisions. Some examples could include changes in market conditions, natural disasters, or regulatory changes.

Which of the Following Is Not a Characteristic of an Accounting