A Broad Principle That Requires Identifying the Activities of a Business

question 212

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months,quarters,or years is the:

• A)Operating cycle of a business.
• B)Time period assumption.
• C)Going-concern assumption.
• D)Expense recognition (matching)principle.
• E)Accrual basis of accounting.

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Definitions:

Maladaptive Beliefs

Irrational or dysfunctional thought patterns that negatively influence behavior and well-being.

Negative Thoughts

Internal, critical, or pessimistic perceptions and beliefs that can affect mood and well-being.

Aaron Beck

A psychiatrist known for developing Cognitive Behavioral Therapy (CBT), a widely used approach for treating mental disorders.

Aversion Therapy

A psychological treatment method that uses negative stimuli to reduce or eliminate undesirable behaviors.