select the correct answer

4- The income measurement approach that involves summing up the influences of the individual economic events over a period of time is:

A- Economic approach

B- The transaction approach

C- Real income

D- Psychic income

5- The income measurement approach that involves matching revenues against expenses is:

A- Economic approach

B- The transaction approach

C- Real income

D- Psychic income

6- Limitations of historical cost accounting enhance the need for:

A- Accounting for changing prices

B- International accounting

C- Accounting for income tax

D- The conceptual framework of accounting

7- Group of highly interrelated and integrated theories is:

A- Science

B- Knowledge

C- Philosophy

D- Thought

8- the most comprehensive concept that encompasses relatively the most of groups interested in the company and its information is

A- Stockholders

B- Stakeholders

C- Board of directors

D- Corporate governance

9- The two primary qualities that make accounting information useful for decision making are

A- Comparability and consistency

B- Materiality and timeliness.

C- Relevance and reliability.

D- Reliability and comparability.

10- Advantages of development of conceptual framework include, except:

A- Enhancing the consistency of accounting standards

B- More compatible accounting standards

C- Alleviating political pressure

D- Reducing the decision usefulness role of financial reports