A Broad Principle That Requires Identifying the Activities of a Business

question 154

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the:

• A) Operating cycle of a business.
• B) Time period assumption.
• C) Going-concern assumption.
• D) Matching principle.
• E) Accrual basis of accounting.

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Definitions:

Concentration of Ions

The measure of the number of ions in a particular volume of fluid, indicating the electrical conductivity and chemical properties of the fluid.

Microfilaments

Thin strands within the cytoskeleton of a cell, primarily composed of the protein actin, and involved in various forms of cell movement and structure.

Nucleus

A membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material, directing cell growth, metabolism, and reproduction.

Chromosomes

Structures composed of DNA and protein found in the nucleus of cells, carrying genetic information across generations.