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What are the fundamental principle that are used as a guide by the psychologist?
Like other scientists, psychologists are guided by the assumption that
What is an axioma?
An axioma is another term for an axiom - a truth based on assumption - a principle which cannot be proven or disproven.
What accounting principle would conflict to include the personal assets and transactions of a business owner in the records and reports of the business?
Business entity assumption
What is an unquestioned principle?
An unquestioned principle is a fundamental belief or assumption that is widely accepted without being critically examined. It is often taken for granted and is not typically challenged or questioned.
How do the consistency principle and the full disclosure principle affect inventory valuation?
Consistency principle indirectly affects inventory value as one would need to use the same cost assumption all the time (FIFO or avg cost). Full disclosure doesn't affect inventory valuation but one would need to disclose to investors the cost assumption used in the financial statements.
What principle assumption or constraint does the direct write off method violate if uncollectibles are significant?
The accounts receivables will need to match the bad debt being written, and therefore this applies to the matching principle in accounting.
What assumption is made about the fossil record?
Actually, the only assumption made is the assumption that the world was not created purposefully with the intention of deceiving scientists into thinking common descent is true.
What are the most important accounting principles?
There are many accounting principles and many are very important in their own way. The top three most important principles are: Economic Accounting Principle, Monetary Unit Assumption, and Time Period Assumption.
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
historical cost
What assumption is made when constructing a cladogram?
One assumption made when constructing a cladogram is that organisms with more similar traits are more closely related to each other than to organisms with less similar traits. This assumption is based on the principle of common ancestry.
The time period principle assumes that an organization activities can be divided into specific time periods including what?
The time period principle assumes that an organization's activities can be divided into specific time periods, such as monthly, quarterly, and annually, to measure performance and report financial information accurately. This principle ensures that financial statements reflect the transactions and events that occurred during a specific reporting period.
Is a change from the cash basis to the accrual basis a change in accounting principle?
Yes it is a change in accounting principle. And a rather drastic change. Accrual Basis of accounting is the most fundamental accounting assumption which is regarded throughout the world. Thus if a person either departs or adopts the accrual basis its a change in accounting principle.
