What Is Meant by Consistency When Discussing Financial Accounting Information

question 25

Multiple Choice

What is meant by consistency when discussing financial accounting information?

• A) Information presented by a company that applies the same accounting treatment to similar events, from period to period.
• B) Information is timely.
• C) Information that is classified, characterized, and presented clearly and concisely.
• D) Information is verifiable.

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Definitions:

Financial

Pertaining to money or how money is managed.

High Machiavellian

Characterizes individuals with a personality trait that predisposes them to manipulate others for personal gain, often without ethical considerations.

Political

Pertaining to the government, public affairs, or the administration of public policy.

Manipulate Encounters

A strategy or act of deliberately creating or influencing situations to achieve desired outcomes, often in a professional or social context.