The Convention of Consistency Refers to Consistent Use of Accounting

question 105

Multiple Choice

The convention of consistency refers to consistent use of accounting principles

• A)among firms.
• B)among economies.
• C)throughout the accounting periods.
• D)within industries.

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Definitions:

Representative Clade

A collection of organisms consisting of a common ancestor and all its direct offspring, signifying one lineage on the evolutionary tree.

Supergroup

In phylogenetics, a high-level taxonomic rank above the rank of kingdom, used to organize the diversity of eukaryotes especially.

Alveolates

A group of protists, including dinoflagellates, apicomplexans, and ciliates, characterized by the presence of alveoli (small sac-like structures) beneath their cell membranes.

Representative Clade

A group of organisms that includes an ancestor and all of its descendants, representing a single branch on the tree of life.