Which of the following is not true for an operating expenditure?

A) It is recorded with a debit to a statement of financial position account.
B) It benefits the current period only.
C) It is incurred to maintain an asset in its normal operating condition.
D) It often recurs.

Operating expenditures are expenses associated with the day-to-day operations of a business. They are recorded as expenses in the income statement (profit and loss statement), not as a debit to a statement of financial position account (balance sheet). Choices B, C, and D describe characteristics of operating expenditures: they benefit the current period only, are incurred to maintain assets in their normal condition, and often recur, respectively.