Which of the Following Accounting Concepts/principles Is Most Significant in the Development

question 45

Multiple Choice

Which of the following accounting concepts/principles is most significant in the development of a capitalization policy?

• A)Matching of revenue and expense.
• B)Materiality.
• C)Original Cost.
• D)Consistency.

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Definitions:

Littering Behavior

This refers to the actions or tendencies of individuals to dispose of waste materials improperly in public places, leading to environmental pollution and degradation.

High Choice Condition

A situation where individuals are presented with several options, allowing for a high degree of autonomy in making a decision.

Mandatory Condition

A required state or set of circumstances that must be met before a certain event can occur.

Dissonance Experience

The feeling of discomfort resulting from holding two or more conflicting cognitions, such as beliefs, values, or attitudes.