Generally Accepted Accounting Principles

question 160

Multiple Choice

Generally accepted accounting principles

• A)are changing continually.
• B)are sound in theory but rarely used in practice.
• C)have eliminated all weaknesses in accounting practice.
• D)are accounting rules formulated by the Internal Revenue Service.

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Definitions:

Ethnographer

A researcher who studies human cultures through immersion in the environment, observation, and interviews.

Raw Data

Data collected from experiments or surveys in its original, unprocessed form.

Theory

A set of principles or explanations that accounts for observed phenomena and predicts future events.

Descriptive Notes

The primary, detailed records of the human interactions, language, and settings that are the focus of an ethnography.