Gobbledygook is clearly ___________ writing
a. complex
b. advanced
c. bad
d. executive
c
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PTG Enterprises purchases many small pieces of office furniture, such as trash cans, that cost less than $100 each. PTG accounts for these items as expenses when acquired rather than reporting them as property, plant, and equipment on its balance sheet. The company's accountant states that no accounting principle has been violated. Justification for PTG's policy of expensing these furniture items
is based on cost vs. benefit considerations as well as qualitative characteristic of accounting information of: A) conservatism. B) materiality. C) reliability. D) verifiability.
The cost of heating the plant would be considered part of manufacturing overhead
Indicate whether the statement is true or false