You Have Been Observing Emilia and Conclude That She Has

question 51

Multiple Choice

You have been observing Emilia and conclude that she has considerable empathy. Which of the following behaviors would lead to such a conclusion?

• A) Emilia is playing with Jill. Jill is feeling sad, but Emilia doesn't seem to notice.
• B) Emilia notices that Jill is feeling sad. She tries to figure out what is making Jill sad.
• C) Emilia notices that Jill is feeling sad. She goes over to talk to Jill, and she begins feeling sad herself.
• D) Emilia notices that Jill is feeling sad. This upsets Emilia, so she goes in search of her teddy bear in order to make herself feel better.

Recognize the conditions under which the going concern assumption may not be appropriate.

Understand the concept and importance of predictive value in accounting information.

Identify and understand the constraints in accounting, such as cost and materiality.

Know different measurement principles used in accounting, specifically the historical cost and fair value.

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