The Two Main Accounting Assumptions That Underpin the Accrual Approach

question 24

Multiple Choice

The two main accounting assumptions that underpin the accrual approach to profit measurement are:

• A) going concern and accounting period.
• B) historical cost and accounting period.
• C) entity and accounting period.
• D) going concern and historical cost.

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Definitions:

Perceived Injustice

An individual's or group's interpretation or feeling that they have been treated unfairly or unequally, often leading to dissatisfaction, resentment, or social unrest.

Frame Alignment

A process in social movement theory that involves aligning individual interests, values, and beliefs with those of a broader social movement.

Resource Mobilization

The process of gathering resources (financial, human, informational, etc.) needed to support and accomplish goals, particularly in social movements.

Political Opportunity Theories

Theories in social movements suggesting that the success or failure of social movements is heavily influenced by the broader political context, including the accessibility of political institutions and the stability of elite alignments.