The Accounting Concept or Principle That Is Perhaps the Greatest

question 61

Multiple Choice

The accounting concept or principle that is perhaps the greatest single culprit in distorting the results of financial statement analysis is the:

• A)Matching principle.
• B)Conservatism concept.
• C)Historic cost principle.
• D)Time value of money concept.

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Definitions:

Automatic

Tasks or processes that occur without the need for conscious thought, often as a result of learning or repetition.

Automatic Attitudes

Immediate, involuntary responses or evaluations that one has toward an object or concept.

Deliberate Attitudes

Conscious and intentional evaluations or feelings towards objects, people, or concepts.

Measure

In research and statistics, a measure refers to a method or tool used to assess, quantify, or record qualities, quantities, or performance.