The Accounting Principle That Requires the Same Depreciation Method or Inventory

question 22

Multiple Choice

The accounting principle that requires the same depreciation method or inventory valuation method to be used over consecutive accounting periods is:

• A)conservatism.
• B)consistency.
• C)reliability.
• D)historical cost.

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Definitions:

Identity Categories

Classifications of the self based on social groupings, such as gender, race, religion, and sexuality, which inform a person's self-concept and social interactions.

Social Change

The transformation of cultural, social, economic, or political structures over time within a society.

Saul Alinsky

A noted community organizer and writer known for his influential work in developing strategies for social change.

Community Groups

Organizations or gatherings of individuals who come together based on shared interests, goals, or characteristics to support one another and work towards common objectives.