For Good Health, It Is Best To

question 51

Multiple Choice

For good health, it is best to:

• A) both choose foods high in unsaturated oils and omit foods high in solid fats.
• B) reduce the amount of visible fats in your diet because they are the majority of solid fats you eat.
• C) increase intakes of grain-based foods and reduce intakes of all milk products.
• D) select fat-free versions of high-fat foods because they are lower in calories.

Recognize the conditions under which the going concern assumption may not be appropriate.

Understand the concept and importance of predictive value in accounting information.

Identify and understand the constraints in accounting, such as cost and materiality.

Know different measurement principles used in accounting, specifically the historical cost and fair value.