The Historical-Cost Principle Refers to ________

question 101

Multiple Choice

The historical-cost principle refers to ________.

• A)measuring financial statement items at their cost at the time of the transaction
• B)an assumption that a company will continue to be in business in the future
• C)using monetary units,such as dollars,to measure the value of financial statement amounts
• D)the way revenues and expenses are recognized

---

Definitions:

Genetic Counseling

A communication process that aims to assist individuals and families in understanding genetic conditions, including the calculation of risks, and decision making related to genetic testing.

Older Maternal Age

Refers to childbearing at a later age, often considered to be 35 years and older, which can have both risks and benefits for the health of the mother and child.

Pregnant at 17

Refers to experiencing pregnancy at the age of seventeen, highlighting the challenges and implications of teenage pregnancy.

Twins

Two offspring produced by the same pregnancy, categorized typically as either identical (monozygotic) or fraternal (dizygotic).