A Broad Principle That Requires Identifying the Activities of a Business

question 193

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the:

• A) Time period assumption.
• B) Operating cycle of a business.
• C) Going-concern assumption.
• D) Accrual basis of accounting.
• E) Expense recognition (matching) principle.

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Definitions:

Specificity

Specificity is the condition or quality of being precise or particular in detail or requirement.

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Challenges related to one's perception of self-worth or value, often characterized by feelings of inadequacy or low confidence.

Passive-aggressive

A behavior pattern characterized by indirect resistance to the demands of others and the avoidance of direct confrontation, often in procrastination and intentional mistakes.

Impulsive Behavior

Actions taken without forethought, often driven by immediate desires or emotions, without considering the consequences.