Different Companies Using the Same Accounting Principles Is an Application

question 180

Multiple Choice

Different companies using the same accounting principles is an application of

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

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Definitions:

Shirts

Garments for the upper body, typically with sleeves and a collar, and often used as everyday wear or formal attire.

Optimum

The most favorable condition or level for growth, reproduction, or success, often used in contexts of efficiency or economic well-being.

Income

The monetary payment received for work or through investments, including wages, salaries, or dividends.

Shirt

A shirt is a piece of clothing for the upper body, usually with sleeves and a collar.