Examlex
Genity Company records business transactions in dollars and disregards changes in the value of a dollar over time.Which of the following accounting assumptions does this represent?
Happiness
A state of well-being characterized by emotions ranging from contentment to intense joy.
Kant
Refers to Immanuel Kant, an 18th-century German philosopher known for his work in ethics, particularly the philosophy of duty and moral imperatives.
Commensurability
The principle or quality of being measurable or comparable in a certain way, especially with respect to values or units.
Utilitarianism
An ethical theory that posits that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
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