Which One of the Following Assumptions or Principles Most Logically

question 39

Multiple Choice

Which one of the following assumptions or principles most logically supports the preparation of a single set of consolidated financial statements that combines the financial information of several wholly owned but separately identifiable businesses?

• A) historical cost
• B) industry practices
• C) reporting entity
• D) materiality

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Definitions:

Theory of Emotion

A framework that attempts to explain how emotions are experienced, how they are elicited, and how they influence behavior and thought.

Presentation

The act of showing or displaying information or data, often in a public or formal setting.

Amygdala

A part of the brain involved in emotion regulation, emotional memory, and responses to emotional stimuli, particularly fear.

Thalamus

A major part of the brain serving as a relay station for sensory information.