Which of the Following Basic Accounting Assumptions Is Threatened by the Existence

question 99

Multiple Choice

Which of the following basic accounting assumptions is threatened by the existence of severe inflation in the economy?

• A) Monetary unit assumption.
• B) Periodicity assumption.
• C) Going-concern assumption.
• D) Economic entity assumption.

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Definitions:

Parenchyma

A type of plant tissue made of living cells, usually with thin cell walls and large intercellular spaces, involved in functions such as photosynthesis, storage, and secretion.

Vessel Elements

Components in the xylem of plants that transport water and nutrients vertically.

Cuticle

The protective layer found on the outer surface of leaves, stems, and other organs of plants.

Collenchyma

A type of plant tissue characterized by its living, elongated cells with unevenly thickened walls, providing support and flexibility.