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The Conservatism Constraint Requires That When More Than One Estimate

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The conservatism constraint requires that when more than one estimate of the amounts that are to be received or paid in the future exist and these estimates are about equally likely,then the less optimistic amount is used.


Definitions:

'\n'

A character used in programming to represent a newline, signaling the end of a line of text.

Polymorphism

In object-oriented programming, the ability of different objects to respond to the same function call in different ways depending on their data types or classes.

Object-Oriented Language

A programming language that is based on the concept of "objects," which can contain data and code: data in the form of fields, and code, in the form of procedures.

Inheritance

A fundamental concept in object-oriented programming where a class can inherit properties and methods from another class.

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