Understating Expenses Is Justified Based On

question 72

Multiple Choice

Understating expenses is justified based on:

• A)time period assumption.
• B)conservatism assumption.
• C)materiality assumption.
• D)matching assumption.
• E)None of the answers are correct.

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Definitions:

Surface Structure

In linguistics, the term refers to the literal arrangement of words in a sentence, as contrasted with the deeper meaning (deep structure) conveyed by the sentence.

Assign Meaning

The mental process of attributing value or significance to stimuli, experiences, or symbols.

Morphemes

The tiniest units of grammar within a language that bear semantic value.

Semantics

The branch of linguistics concerned with the meaning of words and the ways in which language conveys meaning.