The Assumption That Allows Accountants to Accept Some Inaccuracy,because of Incomplete

question 109

Multiple Choice

The assumption that allows accountants to accept some inaccuracy,because of incomplete information about the future,in exchange for more timely reporting is:

• A)conservatism.
• B)time period.
• C)business entity.
• D)materiality.
• E)realization.

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Definitions:

Minipill

A type of birth control pill that contains only progesterone and is taken to prevent pregnancy.

Oral Contraceptive

A medication taken by mouth to prevent pregnancy, typically composed of hormones that influence the menstrual cycle and ovulation.

Hymenectomy

Hymenectomy is a surgical procedure to remove the hymen, which may be done for various medical reasons.

Vaginal Opening

The external opening of the vagina in female anatomy, connecting the external genitalia to the internal reproductive organs.