The Goal of Reporting Realistic Figures and Never Overstating Assets

question 17

Multiple Choice

The goal of reporting realistic figures and never overstating assets or net income applies to the ________.

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

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Definitions:

Excitatory Postsynaptic Potential

A temporary increase in synaptic potential that makes a post-synaptic neuron more likely to generate an action potential.

Hyperpolarized

A state in which a cell's membrane potential is more negative than its normal resting potential.

Synapse

A junction between two nerve cells, consisting of a minute gap across which impulses pass by diffusion of a neurotransmitter.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells.