Multiple Choice
A conglomerate is a corporation that ________.
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1. Introduction to Accounting
Types of Accounting
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Which of the following best defines an intermittent expense in accounting?
A
An expense that is paid monthly, such as rent or utilities.
B
An expense that is capitalized and depreciated over time.
C
An expense that is directly related to the production of goods.
D
An expense that occurs at irregular intervals and is not incurred every accounting period.
Verified step by step guidance1
Step 1: Understand the term 'intermittent expense' in accounting. It refers to expenses that occur at irregular intervals and are not consistently incurred in every accounting period.
Step 2: Compare the given options to the definition of intermittent expense. Eliminate options that describe regular or predictable expenses, such as monthly payments for rent or utilities.
Step 3: Consider the option describing capitalized expenses. These are typically depreciated over time and do not align with the irregular nature of intermittent expenses.
Step 4: Evaluate the option related to production costs. These are usually direct expenses tied to the production process and are not intermittent.
Step 5: Identify the correct option that matches the definition of intermittent expense: 'An expense that occurs at irregular intervals and is not incurred every accounting period.'
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