Which of the Following Accounting Terms Assumes That a Business's

question 197

Multiple Choice

Which of the following accounting terms assumes that a business's activities can be divided into small segments and that financial statements can be prepared for specific periods,such as a month,quarter,or year?

• A) adjusting entry concept
• B) economic entity concept
• C) matching principle
• D) time period concept

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Definitions:

Genuineness

The quality of being open, sincere, and honest in one's feelings and expressions.

Defensive

A psychological or physiological response aimed at protecting oneself from perceived threats or harm, often involving avoidance or counteraction.

Unconditional Positive Regard

A concept in humanistic psychology referring to a practice of offering acceptance and support regardless of the person's behaviors or feelings.

Carl Rogers

A pioneering psychologist known for developing client-centered therapy and emphasizing the importance of a positive, growth-promoting relationship between therapist and client.