Which of the Following Accounting Principles Requires Businesses to Record

question 64

Multiple Choice

Which of the following accounting principles requires businesses to record depreciation?

• A)the revenue recognition principle
• B)the matching principle
• C)the cost principle
• D)the going concern principle

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Definitions:

Snowfall

Precipitation falling from clouds in the form of ice crystals, accumulating on the ground.

Mean

The arithmetic average of a set of values, found by adding all numbers in the set and then dividing by the count of those numbers.

Standard Deviation

A measure that is used to quantify the amount of variation or dispersion of a set of values.

Babies Born

Refers to the count or statistics regarding the number of births within a specific period or geographical area.