The Assumption That Deals with When to Recognize the Costs

question 96

Multiple Choice

The assumption that deals with when to recognize the costs that are associated with the revenue that is being recognized is:

• A)matching.
• B)going concern.
• C)consistency.
• D)materiality.
• E)None of the answers are correct.

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Definitions:

Max Ringelmann

A French agricultural engineer known for his research into social psychology, particularly the Ringelmann effect which observes that individual productivity decreases as group size increases.

Social Psychology

Examination of the mechanisms through which humans understand, influence, and associate with others within a community framework.

Social Psychology

The scientific study of how individuals think, feel, and behave in social contexts and how the presence of others affects individual behavior.

Developmental Psychology

A branch of psychology that studies how people grow and change throughout their life span.