Question 17 Not yet answered Marked out of 1.50 Flag question When should an expenditure be recorded as an asset rather than an expense? Select one: a. If the amount above some amount b. all the time c. Never d. when future benefit exists Question 16 Not yet answered Marked out of 1.50 Flag question The recording of doubtful accounts, which appear in balance sheet statement which is based on an estimate of bad debts, Select one: a. Materiality quality b. Revenue recognition principle c. consistency characteristic d. Expense recognition principle