The Accounting Principle That Assumes That Inflation Will Not Take

question 92

Multiple Choice

The accounting principle that assumes that inflation will not take place or will be immaterial is:

• A)monetary unit.
• B)historical cost.
• C)realization.
• D)going concern.
• E)None of the answers are correct.

---

Definitions:

Spatial Skills

Abilities that enable a person to think about objects in three dimensions and to draw conclusions about those objects from limited information.

Stroke

A medical condition occurring when the blood supply to part of the brain is interrupted or reduced, leading to rapid loss of brain function.

Corpus Callosum

A broad band of nerve fibers joining the two hemispheres of the brain, enabling communication between them.

Visual Field

The entire area that can be seen when the eyes are focused on a single point, including peripheral vision.