Which One of the Following Statements Best Describes the Concept

question 32

Multiple Choice

Which one of the following statements best describes the concept of consistency?

• A)When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred.
• B)Accounting numbers are consistently market value.
• C)Different firms use identical accounting measurement methods for similar events.
• D)Similar events are measured using identical accounting procedures from period to period.

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Definitions:

Writing Style

Writing style is the distinctive manner in which an author expresses ideas through the choice of words, sentence structure, and overall composition, tailored to the intended audience.

Professional Writing

Professional writing refers to the production of clear, concise, and purposeful written content for a specific audience in a professional context.

External Audience

Refers to individuals or groups outside of an organization that a company communicates with or markets to, such as customers, investors, or the general public.

Marketing Plan

A comprehensive document or blueprint that outlines an organization's marketing efforts and strategies for a specific period, including objectives, target markets, and tactics.