Accountants provide for inflation using which of the following accounting principles?

a. Going concern
b. Time period
c. Conservatism
d. Materiality
e. None of the answers are correct.


E

Business

You might also like to view...

What effect have mandatory sentencing guidelines had on the judiciary and criminal punishment in general?

What will be an ideal response?

Business

The project plan for the development of the product includes ______.

A. the importance of the project B. resources needed for the project C. the government requirements for the project D. the ISO mandates for the project

Business

Forms of bibliographic entries vary greatly depending upon the _______________

a. profession's needs and traditions b. year the bibliography was written c. length of the document d. length of the bibliography

Business

When allocating service department costs, companies should use:

A. budgeted costs rather than actual costs, and a rate that combines variable and fixed costs. B. budgeted costs rather than actual costs, and separate rates for variable and fixed costs. C. actual costs rather than budgeted costs, and a rate that combines variable and fixed costs. D. actual costs rather than budgeted costs, and separate rates for variable and fixed costs. E. a rate that is based on matrix theory.

Business