The Accounting Concept or Principle Applied When the Cost of Short-Term

question 17

Multiple Choice

The accounting concept or principle applied when the cost of short-term marketable securities is adjusted to market value is:

• A)objectivity.
• B)matching revenue and expense.
• C)original cost.
• D)consistency.

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Definitions:

Scalpel

A small and extremely sharp bladed instrument used for surgery, anatomical dissection, and various arts and crafts.

Gauze Squares

Medical supplies made from woven or non-woven materials used for wound dressing, absorption, and protection.

Sterilized

Made free from all living microorganisms, often through the use of heat, chemicals, or radiation, to prevent infection or contamination.

Well-Organized

Exhibiting a high degree of systematization and efficiency in arrangement or function.