According to the Principle of __________,The More Recent the Data,the

question 43

Multiple Choice

According to the principle of __________,the more recent the data,the more valuable they are.

• A)data uncertainty
• B)90/90 data use
• C)diminishing data value
• D)data in context

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Definitions:

Deferred Income Tax

An accounting concept that represents the difference between taxes payable and tax expense due to timing differences in recognizing revenues and expenses.

Tax Rate

The rate at which taxes are levied on an individual or a company's income.

Equity Method

An accounting technique used to record investments in other companies, where the investment is significant but does not result in full control or majority ownership, typically 20% to 50% of the investee's voting stock.

Cost Method

An accounting method used to value an investment at its original purchase cost, adjusted for dividends, stock splits, and stock dividends.