Which of the following is not one of the basic concepts of accounting? A) RESPONSIBILITY B) PERIODICITY C) SOCIAL RESPONSIBILITY D) PRIORITY OF THE ESSENCE E) TRANSPARENCY
Which of the following is not one of the basic concepts of accounting? A) RESPONSIBILITY B) PERIODICITY C) SOCIAL RESPONSIBILITY D) PRIORITY OF THE ESSENCE E) TRANSPARENCY
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
Problem 5MC
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1 - Which of the following is not one of the basic concepts of accounting?
A) RESPONSIBILITY
B) PERIODICITY
C) SOCIAL RESPONSIBILITY
D) PRIORITY OF THE ESSENCE
E) TRANSPARENCY
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