A Broad Principle That Requires Identifying the Activities of a Business

question 154

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the:

• A) Operating cycle of a business.
• B) Time period assumption.
• C) Going-concern assumption.
• D) Matching principle.
• E) Accrual basis of accounting.

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Definitions:

Cloud

The delivery of different services through the Internet, including data storage, servers, databases, networking, and software.

Expensive Application

Refers to software programs that have a high purchase or subscription price.

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The web browsing software installed on a laptop computer.

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The delivery of computing services over the internet, including servers, storage, databases, networking, software, analytics, and intelligence, to offer faster innovation, flexible resources, and economies of scale.