Which of the Following Accounting Principles Prescribes That a Company

question 105

Multiple Choice

Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?

• A) Going-concern assumption.
• B) Matching principle.
• C) Cost principle.
• D) Business entity assumption.
• E) Consideration assumption.

---

Definitions:

Depressive Disorders

A category of mood disorders characterized by persistent feelings of sadness, emptiness, or hopelessness.

Personal Flaws

Characteristics or attributes of an individual considered as imperfections or shortcomings.

Pessimistic Explanatory Style

A tendency to blame oneself for negative events, believe such events will continue, and think they affect many aspects of life.

Depression

Characterized by an ongoing depressive state or diminished pleasure in everyday activities, this mental disorder severely impacts an individual's life.