Which of the Following States That a Company Must Perform

question 60

Multiple Choice

Which of the following states that a company must perform strictly proper accounting ONLY for items that are significant to the company's financial statements?

• A)Comparability principle
• B)Relevance principle
• C)Accounting conservatism
• D)Materiality concept

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Definitions:

Forest Fires

Uncontrolled fires in areas of combustible vegetation, often exacerbated by dry conditions, lightning, or human activities.

Unique Selling Proposition

is the distinct benefit that makes a product different from and better than the competition, used as a marketing strategy to attract customers.

Cable and Internet Services

Refers to the provision of television programming and internet connectivity to consumers and businesses through a subscription-based model.

Everyday Low Prices

A pricing strategy adopted by retailers where items are offered at consistently low prices with minimal reliance on promotions or discounts.