A Company Using the Same Accounting Principles from Year to Year

question 262

Multiple Choice

A company using the same accounting principles from year to year is an application of

• A) timelines.
• B) consistency.
• C) full disclosure.
• D) materiality.

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Definitions:

Burin

A type of stone tool with a chisel-like edge, primarily used in carving or engraving hard materials during prehistoric times.

Flakes

Small, thin pieces of something, typically broken off from a larger piece, often used in reference to stone tool production in archaeology.

Breeding Population

A group of organisms of the same species that interbreed and produce fertile offspring in a particular geographic area.

Genetic Isolation

A reduction in genetic variation that occurs when a population is geographically separated from other populations, potentially leading to speciation.