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

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Definitions:

Glycerol

A 3-carbon alcohol with a hydroxyl group on each carbon; a component of triacylglycerols and phospholipids, as well as monoacylglycerols and diacylglycerols

Monosaccharides

Simple sugars that are the most basic form of carbohydrates.

Tertiary Structure

The three-dimensional structure of a protein molecule formed by bends and folds that are stabilized by various bonds and interactions among amino acids.

Protein Molecule

A large, complex molecule made up of one or more chains of amino acids, essential for the structure, function, and regulation of the body's tissues and organs.