What is Prudence Principle?

Prudence concept is the fundamental concept of accounting which states that the liabilities, expenses, and losses should never be understated. Prudence states that if the liabilities are under-recorded, it may result in a huge outflow of resources at a time when the liability out-bursts.

Supernatural elements.

In paragraph 47, it says “moments like these make a pioneering flight anything but dull” i’d say he’s optimistic and determined? ? and in 48, it describes how i’m assuming people he looks up to walked the same path so maybe he’s honored to be on the journey ? sorry if i’m wrong.