Who Has Mastered the Stable-Order Principle

question 160

Multiple Choice

Who has mastered the stable-order principle?

• A) Jacob, who sometimes counts five objects as "1, 2, 4, 5, 6" and other times as "1, 2, 3, 5, 7."
• B) Will, who always counts five objects as "1, 2, 5, 7, 8."
• C) Nate, who consistently counts five objects as "1, 2, 3, 4, 5."
• D) Both Will and Nate.

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Definitions:

Worksheet

A paper or digital document used to organize and simplify complex accounting tasks, calculations, or plans.

Adjustment Process

A series of steps taken at the end of an accounting period to prepare financial statements, involving recording and updating entries.

Generally Accepted Accounting Principles

The common set of accounting principles, standards, and procedures that companies use to compile their financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.