What characterizes the aggregate constraint principle in accounting? (a) Only individual transactions matter (b) Resources available limit total possible economic activity reporting (c) Economic constraints don't affect reporting (d) Business size determines all limitations

What characterizes the aggregate constraint principle in accounting? (a) Only individual transactions matter (b) Resources available limit total possible economic activity reporting (c) Economic constraints don't affect reporting (d) Business size determines all limitations

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 2MC: Which of the following is considered a constraint on useful information by Statement of Financial...

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What characterizes the aggregate constraint principle in
accounting?
(a) Only individual transactions matter
(b) Resources available limit total possible economic
activity reporting
(c) Economic constraints don't affect reporting
(d) Business size determines all limitations

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