In the Phrase "Generally Accepted Accounting Principles," the Words Accounting

question 62

Multiple Choice

In the phrase "generally accepted accounting principles," the words accounting principles refers to:

• A)The standards,assumptions,and concepts that serve as "ground rules" for financial reporting.
• B)Ethical standards that prohibit fraudulent or misleading financial reporting.
• C)The steps in the accounting cycle.
• D)The accounting practices authorized by the Financial Accounting Standards Board (FASB).

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Definitions:

Kinesics

The study of nonverbal signals in body language including facial expressions and bodily postures and motions.

Body Language

Non-verbal communication through physical behaviors like gestures, postures, and facial expressions.

Notating

The act of representing information or ideas using a system of symbols or marks.

Intimate

Relating to or indicative of a close personal relationship or private nature, often associated with deep emotional connections.