Which of the Following States That the Business Should Use

question 112

Multiple Choice

Which of the following states that the business should use the same accounting methods from period to period?

• A)Comparability principle
• B)Materiality concept
• C)Relevance principle
• D)Accounting conservatism

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Definitions:

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development where infants explore their environment and learn through trial and error with repeated actions.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.

Variability Scheme

In psychology or research, it refers to a conceptual framework for understanding how variations or differences in data are structured or categorized.

HOME

Typically refers to the physical place where one lives, but can also imply a sense of belonging or familial comfort.