Important constraints underlying the qualitative characteristics of accounting information are
a. historical cost and going concern.
b. materiality, conservatism, and cost-effectiveness.
c. consistency, comparability, and conservatism.
d. verifiability, neutrality, and representational faithfulness.
B
You might also like to view...
Capitalizing an expenditure rather than recording it as a revenue expenditure
a. affects the amount of net income reported during an accounting period, but has no effect on the total book value of plant assets on the balance sheet. b. affects the total book value of plant assets on the balance sheet, but has no effect on the amount of net income reported during an accounting period. c. affects the total book value of plant assets reported on the balance sheet and the amount of net income reported during a period. d. has no effect on the book value of plant assets on the balance sheet or the amount of income reported on the income statement.
It is not possible for Cash to decrease from Yr. 1 to Yr. 2 if income rises over this period
a. True b. False Indicate whether the statement is true or false
An individual at the preconventional level of moral development defines what is right on the basis of some broader set of universal values and principles.
Answer the following statement true (T) or false (F)
________ involves enlisting or even creating opinion leaders to serve as brand ambassadors who spread the word about a company's products
A) Social marketing B) Traditional marketing C) Buzz marketing D) Direct marketing E) Values marketing