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.
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• 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:

Shape Constancy

The perceptual phenomenon where the perceived shape of an object remains constant despite changes in the angle of observation or illumination.

Ponzo Illusion

A visual illusion where two horizontal lines of identical length appear different in length because of their background cues, demonstrating depth perception.

Retinal Disparity

The slight difference in images perceived by the left and right eyes, which contributes to depth perception.

Linear Perspective

A technique in art and photography that creates the illusion of depth and distance by converging parallel lines towards a single vanishing point.