Which of the Following Accounting Principles Prescribes That a Company

question 229

Multiple Choice

Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?

• A)Going-concern assumption.
• B)Expense recognition (Matching)principle.
• C)Measurement (Cost)principle.
• D)Business entity assumption.
• E)Consideration assumption.

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Definitions:

Other Cultures

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refers to the individual differences in characteristic patterns of thinking, feeling, and behaving.

Big Five Model

A theory in psychology proposing five broad dimensions of personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

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A personality trait characterized by energy, positive emotions, surgency, and the tendency to seek stimulation and the company of others.