The Accounting Principle That Requires That the Cost Flow Assumption

question 175

Multiple Choice

The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is

• A)called the matching principle.
• B)called the consistency principle.
• C)nonexistent; that is, there is no such accounting requirement.
• D)called the physical flow assumption.

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Definitions:

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Joan Erikson

A psychologist who collaborated extensively with her husband, Erik Erikson, contributing to the field of human development, particularly regarding the stages of psychosocial development.

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