Which of the Following Constructs Have Developed from the Annual

question 117

Multiple Choice

Which of the following constructs have developed from the Annual Accounting Period Concept?
I.Entity Concept.
II.Capital Recovery.
III.Related Party.
IV.Tax Benefit Rule.
​

• A)Only statement I is correct.
• B)Statements II and III are correct.
• C)Statements III and IV are correct.
• D)Only statement IV is correct.
• E)Statements II, III, and IV are correct.

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Definitions:

Flash Drive

A flash drive is a small, portable storage device that uses flash memory and is typically used for the transfer and storage of data.

Byte

Eight binary digits (bits).

Bits Of Data

The smallest units of data in computing, representing a binary value of either 0 or 1.

Expansion Hub

A device that allows multiple peripherals to connect to a single port on a computer or other device, expanding its connectivity.