Accounting Information Is Subject to the Constraints Of

question 71

Multiple Choice

Accounting information is subject to the constraints of:

• A)comparability and consistency.
• B)comparability and verifiability.
• C)materiality and cost.
• D)relevance and faithful representation.

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Definitions:

Solve

The process of finding the values that satisfy an equation or a system of equations.

Proportion

A statement that two ratios or fractions are equal.

X

Often used to represent an unknown value in algebraic expressions and equations.

Inches

A unit of length in the imperial and US customary systems, equivalent to 1/12 of a foot.