In Order for an Internal or External Event to Be

question 13

Short Answer

In order for an internal or external event to be recognized in an accounting system, the items making up the event must impact the financial statements and they must be sufficiently reliable and ____________________.

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Definitions:

Chemoreceptors

Sensory receptors that respond to chemical stimuli, involved in taste, smell, and internal body conditions like oxygen and carbon dioxide levels.

Blood Concentration

The amount of a substance per unit volume of blood, indicating the level of various compounds or cells in the bloodstream.

Glucose

An uncomplicated glucose important for energy in living systems and a building block of numerous carbohydrate forms.

Somatic Sense

The sensory systems associated with the body that include touch, temperature, pain, and proprioception (sense of position and movement).