The correct statement is:
A)The recognition criterion for expenses are consistent with those of other elements in the Framework
B)The recognition criterion for expenses are not consistent with those of other elements in the Framework
C)There are no recognition criteria for expenses in the Framework
D)The recognition criterion for expenses are only partially consistent with those of other elements in the Framework

Question

Quizplus · Accepted Answer

The statement says that the recognition criteria for expenses are consistent with those of other elements in the Framework. Option A correctly reflects this statement and is therefore the best choice. Option B is the opposite and contradicts the statement. Option C is not correct since the Framework does provide recognition criteria for expenses. Option D suggests that the recognition criteria are only partially consistent, which is not supported by the statement.

The Correct Statement Is