AICPA每日一练之FAR【2016-1-25】

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Which of the following is an example of the expense recognition principle of associating cause and effect?

A. Allocation of insurance cost.

B. Officers’ salaries.

C. Sales commissions.

D. Depreciation of fixed assets.

Answer:C

C is corrent because sales commissions are recognized as an expense on the basis of a presumed direct association with the related sales revenue (SFAC 5).

A is incorrect because allocation of insurance cost is an example of the systematic and rational allocation expense recognition principle.

B is incorrect because officers’ salaries is an example of the immediate recognition expense recognition principle.

D is incorrect because depreciation of fixed assets is an example of the systematic and rational allocation expense recognition principle.

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