Which of the Following States That the Business Should Use

question 92

Multiple Choice

Which of the following states that the business should use the same accounting methods from period to period?

• A) Materiality concept
• B) Consistency principle
• C) Accounting conservatism
• D) Disclosure principle

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Definitions:

Transnational Corporation

A large company operating and investing in multiple countries across the globe, managing production or delivering services in more than one country.

National Home

A concept advocating for a designated territory or homeland for a national group, often discussed in the context of political and historical disputes.

Worldwide

Pertaining to or involving the entire world; global in scope or application.

Licensing

The granting of permission by an authority or owner to use a certain piece of intellectual property, product, or service under agreed terms.