Which Accounting Concept or Principle Specifically States That We Should

question 36

Multiple Choice

Which accounting concept or principle specifically states that we should record transactions that can be verified?

• A)Going-concern concept
• B)Cost principle
• C)Reliability principle
• D)Business entity concept

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Definitions:

Attitude Change

Attitude change involves a shift in a person's feelings, beliefs, or positions regarding an idea, object, or person, often as a result of persuasion, new information, or personal reflection.

Persuasion

The act of influencing someone’s beliefs, attitudes, intentions, motivations, or behaviors through argument, reasoning, or plea.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Globalization

The process involving the integration and interdependence of national economies, cultures, and populations brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.