The Conceptual Framework's Recognition and Measurement Concepts Recognize Which of the Following

question 63

Multiple Choice

The conceptual framework's recognition and measurement concepts recognize which of the following as an assumption, rather than a principle?

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

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Definitions:

Backstage

In Microsoft Office applications, a view that provides access to file and information management features, such as saving, opening, and printing documents.

Name Box

A feature in spreadsheet applications that displays the name of the selected cell, range, or object, allowing easy name assignment or navigation.

Mode Indicator

A feature on devices or software that displays the current operational mode.

AutoSum Button

A feature in spreadsheet software that quickly calculates the total sum of a selected range of cells.