Which One of the Following Statements Best Describes the Concept

question 32

Multiple Choice

Which one of the following statements best describes the concept of consistency?

• A)When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred.
• B)Accounting numbers are consistently market value.
• C)Different firms use identical accounting measurement methods for similar events.
• D)Similar events are measured using identical accounting procedures from period to period.

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Definitions:

Adaptive Behavior Patterns

Behaviors that are learned and adjusted over time to help individuals survive and thrive in their environment.

Ego

In psychoanalytic theory, the component of the personality that is responsible for dealing with reality while balancing the demands of the id and superego.

Superego

The component of the personality in Freudian psychology that is responsible for moral standards and ideals.

Self-Defeating Behavior

Actions or attitudes that undermine one's own success, often resulting from low self-esteem or self-worth.