The Consistency Principle States That a Business Should Use the Same

question 92

True/False

The consistency principle states that a business should use the same accounting methods from period to period.

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Definitions:

James-Lange Theory

A theory of emotion that suggests emotions are the result of physiological reactions to events.

Emotion

A complex psychological state that involves a subjective experience, a physiological response, and a behavioral or expressive response.

Bodily Changes

Physiological or physical alterations in the body that can occur due to various factors including emotion, health conditions, or environmental influences.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex, playing a key role in consciousness and sleep.