Which of the Following Principles States That a Business Should

question 47

Multiple Choice

Which of the following principles states that a business should not report anticipated gains?

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

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Definitions:

REM Sleep

Rapid Eye Movement (REM) sleep is a unique phase of sleep characterized by fast movements of the eyes, vivid dreams, and increased brain activity.

Paradoxical Sleep

Another term for REM (Rapid Eye Movement) sleep, a phase of sleep during which the brain is active and dreams occur, but the body remains paralyzed.

Brain Weight

The mass of the brain, which in adult humans averages about 1.4 kilograms.

Adult's Brain

A mature human brain that has reached full development, typically by the mid-20s, characterized by complex cognitive capacities.