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:

Sense of Belonging

The feeling of being accepted and included as part of a group or community, contributing to one's emotional well-being and identity.

Depth of Relationships

Refers to the complexity and significance of connections between individuals within a social network or organizational structure.

Meaningful Work

refers to employment or tasks that are perceived as having a significant impact or purpose, providing personal fulfillment and contributing positively to society.

Industrialization

The process of transforming economies from primarily agrarian to one based on the mass production of goods, facilitated by mechanization and technological advancement.