When a business erroneously records expenses as assets, it has violated the measurement issue of
A) communication.
B) classification.
C) valuation.
D) recognition.

Name: When a business erroneously records expenses as assets, it has violated the measurement issue of A) communication. B) classification. C) valuation. D) recognition.
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Question

Quizplus · Accepted Answer

Classification refers to the proper categorization of financial transactions, and recording expenses as assets is a misclassification.

When a Business Erroneously Records Expenses as Assets, It Has