The Consistency Principle States That Businesses Should Use the Same

question 125

True/False

The consistency principle states that businesses should use the same accounting methods from period to period.

---

Definitions:

Basic Job

A position of employment that typically requires limited skills or education and often involves routine tasks or manual labor.

Innocence Project

A legal organization committed to exonerating wrongly convicted people through DNA testing and reforming the criminal justice system to prevent future injustice.

Exoneration

The act of officially clearing someone from blame or fault, particularly in a legal context.

Capital Crime

A crime that is punishable by the death penalty.