Consistency Is Best Demonstrated When

question 20

Multiple Choice

Consistency is best demonstrated when

• A) expenses are reported as charges against the period in which incurred.
• B) the effect of changes in accounting methods is properly disclosed.
• C) extraordinary gains and losses are not reported on the income statement.
• D) accounting procedures are adopted which give a consistent rate of net income.

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Definitions:

Oligo-

A prefix meaning few or scanty, used in scientific terms to denote a smaller quantity or lower degree.

Palliative

Care or treatment focused on relieving symptoms and improving quality of life rather than curing the disease.

Palliat

Short for palliative, referring to care that focuses on relieving symptoms and improving quality of life for patients with serious illnesses.

Hodgkin Disease

A type of lymphoma characterized by the presence of Reed-Sternberg cells, leading to the abnormal growth of cells in the lymphatic system.