The Role of a Sphincter Is to

question 131

Multiple Choice

The role of a sphincter is to

• A) control the passage of materials.
• B) create a churning motion.
• C) propagate peristalsis.
• D) absorb excess water from feces.
• E) do more than one of these.

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Definitions:

Liability

A financial obligation or debt that an entity is required to pay to another entity.

Change In Accounting Principle

An adjustment in the way a company recognizes, measures, presents, or discloses financial information due to a change in accounting policy.

Continuing Operations

The parts of a business expected to continue operating in the foreseeable future, as opposed to segments being discontinued or sold.

Newly Adopted Principle

A recently implemented accounting guideline that a company starts following, which can affect its financial reporting.