The Accounting Concept/principle Being Applied When an Adjustment Is Made

question 29

Multiple Choice

The accounting concept/principle being applied when an adjustment is made is usually:

• A)matching revenue and expense.
• B)consistency.
• C)original cost.
• D)materiality.

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Definitions:

Perseverative Functional Autonomy

A psychological concept where a behavior continues to occur with persistence even after the original goals or motivations for the behavior have been achieved or are no longer relevant.

Addictions

Compulsive engagement in rewarding stimuli, despite adverse consequences, typically involving drugs, alcohol, or behaviors like gambling.

Personality Development

The continuous growth and change in the characteristic patterns of thoughts, emotions, and behaviors that make up one's personality over the course of a lifetime.

Normal Mature Adult

A conceptual description of an adult characterized by emotional stability, realistic understanding, and adaptation to the complexities of life, balancing personal needs and societal expectations.