Which One of the Following Is True According to Generally

question 62

Multiple Choice

Which one of the following is true according to Generally Accepted Accounting Principles?

• A)Depreciation may or may not be recorded at management's discretion.
• B)Income is recorded based on the matching principle.
• C)Costs are recorded based on the realization principle.
• D)Depreciation is recorded based on the recognition principle.
• E)Costs of goods sold are recorded based on the matching principle.

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Definitions:

Tunica Media

The middle layer of the wall of a blood vessel consisting mainly of smooth muscle cells and elastic fibers, responsible for regulating the diameter of the vessel.

Lumen

The inside space of a tubular structure, such as a blood vessel or intestine.

Carotid Sinus

A dilated area at the base of the internal carotid artery that contains receptors to help regulate blood pressure.

Baroreceptors

Pressure-sensitive sensory neurons located mainly in the carotid sinus and aortic arch, which help regulate blood pressure.