The Body of Theory Underlying Accounting Is Not Based on

question 107

Multiple Choice

The body of theory underlying accounting is not based on

• A) physical laws of nature.
• B) concepts.
• C) principles.
• D) definitions.

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Definitions:

Social Security Number

A unique nine-digit number assigned to individuals in the United States for tracking employment and social security benefits.

Best Practice

An industry-accepted way or method that has been proven over time to lead to desired results.

Phishing

A cyber-attack that uses disguised email or other communication to trick recipients into revealing personal information, such as passwords or credit card numbers.

Imposter Website

A fraudulent or malicious website that mimics a legitimate site to deceive users, often for the purpose of phishing or spreading malware.