Which of the Following Prescribes the Use of the Less

question 11

Multiple Choice

Which of the following prescribes the use of the less optimistic amount when more than one estimate of an amount to be received or paid exists and the estimates are about equally likely?

• A)Full disclosure principle.
• B)Consistency concept.
• C)FIFO inventory valuation method.
• D)Conservatism constraint.
• E)Matching principle.