Generally Accepted Accounting Principles

question 4

Multiple Choice

Generally accepted accounting principles

• A)include detailed practices and procedures as well as broad guidelines of general application.
• B)are influenced by pronouncements of the SEC and IRS.
• C)change over time as the nature of the business environment changes.
• D)all of these.

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Definitions:

Manipulation Motive

The driving intention behind influencing or controlling someone's behavior or emotions for one's own purposes.

Tapping

In psychology, it may refer to the use of repetitive, gentle tapping on specific body parts to reduce emotional distress; in a broader sense, it may simply mean to lightly strike or touch.

Fiddling

The act of making restless or aimless movements with the hands or objects, often as a result of nervousness or boredom.

Married Couples

Legally wed individuals who are united in a personal and intimate relationship, recognized legally, socially, and sometimes religiously.