Which of the Following States That a Company Must Perform

question 37

Multiple Choice

Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?

• A) conservatism
• B) materiality concept
• C) disclosure principle
• D) consistency principle

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Definitions:

Objectifies

The act of treating people or aspects of their identity as objects or commodities, often leading to reductionism and dehumanization.

Role

The function or characteristic behavior expected of an individual in a particular social context or system.

Defenses

Psychological mechanisms that protect individuals from perceived threats or uncomfortable realities, often by distorting reality in some way.

Conscious Forms

A concept referring to entities or phenomena that possess awareness or consciousness, often explored in philosophy and cognitive science.