Kris Is Walking Down the Street and Sees an Individual

question 80

Multiple Choice

Kris is walking down the street and sees an individual on crutches coming out of the grocery store having a very difficult time carrying his parcels.Given that Kris was on crutches for a broken ankle several months previous,she feels empathy for this stranger.Based on theories of altruism,what is the best explanation that relates to why Kris would help this stranger?

• A)social-exchange
• B)egoistic distress reduction
• C)empathy-induced altruism
• D)reciprocity

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Definitions:

Expense Recognition Principle

An accounting principle that states expenses should be recognized and recorded when they contribute to generating revenue, regardless of when cash is paid.

Allowance for Doubtful Accounts

An accounting entry known as a contra-asset account that predicts the amount of accounts receivable that might be uncollectible.

Realizable Value

The estimated amount for which an asset can be sold, minus any selling costs, at a given point in time.

Materiality Constraint

An accounting principle that allows for the ignoring of accounting information that would not impact users’ decision-making due to its insignificance.