Significant Accounting Policies May NOT Be

question 94

Multiple Choice

Significant accounting policies may NOT be

• A) selected on the basis of judgement.
• B) selected from existing acceptable alternatives.
• C) unusual or innovative in application.
• D) omitted from financial-statement disclosure.

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Definitions:

Testable Hypothesis

A statement that makes a specific prediction that can be verified or falsified through experimentation or observation.

Research Method

The systematic approach, technique, or way of planning and conducting scientific investigations in any given field of study.

Scientific Theories

Well-substantiated explanations of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experiment.

Science Goal

The objective or aim pursued in a scientific endeavor to discover, explain, or understand phenomena.