Accountants Provide for Inflation Using Which of the Following Accounting

question 69

Multiple Choice

Accountants provide for inflation using which of the following accounting principles?

• A)Going concern
• B)Time period
• C)Conservatism
• D)Materiality
• E)None of the answers are correct.

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Definitions:

Impact-Investment Fund

A fund invested with the intention to create positive, measurable social and environmental impact alongside a financial return.

Social Venture Capitalist (SVC)

An investor who provides financial capital to start-up companies or small businesses with the intention of generating both social impact and financial returns.

Impact Investment

Investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.

Enterprising Nonprofits

A form of social entrepreneurship where both the venture mission and the market impact are for social purposes.