Determining Whether Amounts Are in Conformity with GAAP Addresses the Proper

question 8

Multiple Choice

Determining whether amounts are in conformity with GAAP addresses the proper measurement of assets, liabilities, revenues, and expenses which includes all of the following except:

• A) the reasonableness of management's accounting estimates.
• B) proper application of valuation principles such as cost, net reliable value, market value, and present value.
• C) consistency in the application of accounting principles.
• D) the reasonableness of management's accounting policies.
• E) proper application of the matching principle.