When Tamar Snyder Opened a Shoe Store, Her Accountant Did

question 44

Multiple Choice

When Tamar Snyder opened a shoe store, her accountant did not include the cash in her personal savings account as one of the assets of the business. This is an example of

• A) the separate entity assumption.
• B) the conservatism principle.
• C) the materiality principle.
• D) industry practice principle.

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Definitions:

Media Priming

The process by which media coverage can influence viewers' or readers' perceptions and interpretations of new information by emphasizing certain themes or issues.

Photogenic Events

Situations or occurrences that are visually appealing and well-suited for photography.

Federal Communications Commission

A U.S. government agency responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable.

Electronic Media

Media that use electronics or electromechanical energy for the end-user (audience) to access the content, such as radio, television, and the internet.