AIS Is an Important Area of Study for Future Accountants

question 19

Multiple Choice

AIS is an important area of study for future accountants because a well-designed AIS can respond to many elements of the conceptual framework.Which of the following best pairs an element of the conceptual framework with a specific example of that element?

• A)Relevance, land reported at historical cost
• B)Consistency, land reported at historical cost
• C)Matching, land is not depreciated
• D)Gain, difference between historical cost and current market value for land used in operations

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Definitions:

Social Attachment

Social attachment refers to the bond that forms between individuals through social interactions, contributing to emotional ties and a sense of belonging within groups.

Thrill Seeking

The pursuit of activities or experiences that provide a high level of excitement or adrenaline, often involving risk-taking.

Drug Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Curiosity

is the intrinsic desire or motivation to learn, explore, and seek out new knowledge or experiences, driven by the pursuit of understanding unfamiliar aspects of one's environment.