Accountants Provide for Inflation Using Which of the Following Accounting

question 65

Multiple Choice

Accountants provide for inflation using which of the following accounting principles?

• A) going concern
• B) time period
• C) conservatism
• D) materiality
• E) none of the answers are correct

---

Definitions:

Government Subsidized

Financial support provided by a government to individuals, organizations, or industries to encourage or protect economic activities deemed beneficial.

Medicaid Program

A government-funded program in the United States providing health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Federal Government

The national government of a federation, made up of separate states, where powers are divided between the national government and the state governments.

Path To Citizenship

A legal and procedural route through which a non-citizen can become a citizen of a country, often involving residency requirements and a naturalization process.