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Andrej [43]
3 years ago
15

Which practice is in accordance with US GAAP? A. A company values assets at their market value. B. A company recognizes expenses

when they incur them. C. The monetary unit principle takes inflation into account. D. The accounting period of a business keeps changing. E. Businesses and owners are legally dependent.
Business
2 answers:
Akimi4 [234]3 years ago
8 0

The correct answer is :B
neonofarm [45]3 years ago
7 0

The correct answer is choice B.

Choice B, a company recognizes expenses when they incur them, is the only choice which is in accordance with US Generally Accepted Accounting Principals. All of the other options are against GAAP.

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