The Conceptual Framework's Recognition and Measurement Concepts Recognize Which One

question 94

Multiple Choice

The conceptual framework's recognition and measurement concepts recognize which one of the following as an assumption?

• A) Going concern.
• B) Historical cost.
• C) Full disclosure.
• D) Realization.

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Definitions:

Cash Outflow

Cash outflow refers to the movement of money out of a business, mainly through expenses, purchases, or investments, over a period.

Buying Property

The process of acquiring ownership of land or buildings, typically for residential, commercial, or investment purposes.

Operating Activities

These are the day-to-day actions that involve the production, sales, and delivery of a company's products or services, as reported in the cash flow statement.

Dividends Paid

The total amount of dividends that a company distributes to its shareholders during a specific period.