The Accounting Guideline Prescribing That Financial Statement Information Be Supported

question 92

Multiple Choice

The accounting guideline prescribing that financial statement information be supported by independent,unbiased evidence other than someone's belief or opinion is the:

• A)Business entity principle
• B)Monetary unit principle
• C)Going-concern principle
• D)Cost principle
• E)Measurement principle

---

Definitions:

Test Anxiety

A type of performance anxiety characterized by extreme nervousness or fear about taking exams or being evaluated.

First Impressions

The initial perception one forms about a person or situation based on the first few moments of encounter, often lasting and difficult to change.

Emotional Behaviors

Actions that are the outcome of emotions, reflecting feelings such as anger, happiness, or sadness.

Primacy Effect

The propensity to better remember items presented at the outset of a list compared to those that are mentioned later.