The Materiality Constraint

question 71

Multiple Choice

The materiality constraint:

• A) Prescribes that only information that would influence the decisions of a reasonable person need be disclosed.
• B) Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
• C) Provides guidance on when a company must recognize revenue.
• D) Prescribes that accounting information is based on actual cost.
• E) Prescribes that a company record the expenses it incurred to generate the revenue reported.

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Definitions:

Masculine/Feminine Divisions

The societal and cultural distinctions made between what is considered characteristic of male or female behavior, roles, and attributes.

Judith Butler

A prominent philosopher and gender theorist known for her work on gender identity, performativity, and the social construction of sex and gender.

Polyamorous

Pertaining to having intimate relationships with more than one partner, with the consent and knowledge of all parties involved.

Polyandry

Having multiple husbands.