Two Accounting Principles That Are Relied on in the Adjusting

question 187

Multiple Choice

Two accounting principles that are relied on in the adjusting process are:

• A) Revenue recognition and monetary unit.
• B) Revenue recognition and going-concern.
• C) Matching and cost.
• D) Matching and business entity.
• E) Revenue recognition and matching.

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Definitions:

Feature Detection

The process by which the brain identifies specific elements of a visual stimulus, such as edges, lines, or movements.

Sensory Overload

A condition where one or more of the body's senses experiences over-stimulation from the environment, leading to feelings of overwhelm or discomfort.

Inattentional Blindness

A psychological lack of attention that is not associated with any vision defects or deficits, where an individual fails to perceive an unexpected stimulus in plain sight.

Selective Attention

The process by which a person focuses on one or a few key stimuli while ignoring other information.