Tavella Company Applies the Consistency Convention

question 33

Multiple Choice

Tavella Company applies the consistency convention.What does this mean?

• A) Tavella Co.uses the same names for all its expenses as its competitors.
• B) Tavella Co.has selected certain accounting principles that can never be changed.
• C) Tavella Co.applies the same accounting principles each accounting period.
• D) Tavella Co.applies the same accounting principles as it competitors.

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