Which of the Following Is Not a Generally Accepted Accounting

question 118

Multiple Choice

Which of the following is not a generally accepted accounting principle relating to the valuation of assets?

• A)The cost principle - in general,assets are valued at cost,rather than at estimated market values.
• B)The objectivity principle - accountants prefer to use objective,rather than subjective,information as the basis for accounting information.
• C)The safety principle - assets are valued at no more than the value for which they are insured.
• D)The going-concern assumption - one reason for valuing assets such as buildings and equipment at cost rather than at their current market values is the assumption that the business will use these assets rather than sell them.

Appreciate the shift in understanding the etiology of autism spectrum disorder from psychogenic to biological factors.

Comprehend methods for detecting and assessing the severity of intellectual and developmental disabilities.

Recognize the challenges in treating autism spectrum disorder with biological interventions.

Understand the societal and educational implications of intellectual and developmental disabilities.