The Assumption That Means Accountants Ignore Inflation Is

question 53

Multiple Choice

The assumption that means accountants ignore inflation is:

• A) the prudence assumption.
• B) the stable monetary unit assumption.
• C) the going concern assumption.
• D) the monetary assumption.

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Definitions:

Autonomic Nervous System

A division of the peripheral nervous system responsible for regulating involuntary body functions like heartbeat, blood flow, breathing, and digestion.

Effectors

Cells, tissues, or organs that perform a response or action as a result of neural or hormonal stimulation, notably muscles contracting and glands secreting.

GI Tract

The gastrointestinal tract, a continuous tube running through the body from mouth to anus, involved in the digestion and absorption of nutrients.

Parasympathetic

Pertaining to the division of the autonomic nervous system concerned with conserving energy and restoring the body to a restful state after exertion.