The Accounting Convention Which Results in the Anticipation of Losses

question 16

Multiple Choice

The accounting convention which results in the anticipation of losses but not of profits is:

• A) prudence (conservatism).
• B) matching.
• C) going concern.
• D) none of the above.

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Definitions:

Safer Drivers

Individuals who engage in driving behaviors that minimize risks and contribute to the prevention of accidents.

Talk More

The act of increasing verbal communication or dialogue, often advised to enhance understanding or relationships among individuals.

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An expression urging an increase in emotional expression or the release of pent-up feelings through crying.

Spouses

A term referring to the partners in a marital relationship, encompassing both husbands and wives.