During a Major Renovation Project of Its Head Office, a Worker

question 43

Multiple Choice

During a major renovation project of its head office, a worker was seriously injured. While the company believes that it was not at fault, it does include the incident in the notes to its financial statements. This is consistent with the

• A) full disclosure principle.
• B) periodicity assumption.
• C) going concern assumption.
• D) economic entity assumption.

---

Definitions:

Morning-Oriented

Preferring activities or being more alert and active in the morning hours.

Circadian Rhythm

The internal mechanism controlling the cycle of sleeping and waking, which recurs approximately every 24 hours.

Concentrate

To focus one's attention or mental effort on a specific object, task, or goal, often by eliminating distractions.

Late Afternoon

The part of the day that extends from the mid to late afternoon, often considered to start around 3 pm and last until sunset.