Which of the Following States That a Company Must Perform

question 22

Multiple Choice

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

• A)accounting conservatism
• B)materiality concept
• C)disclosure principle
• D)consistency principle

---

Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them a stake in the company's assets and profits.

High-Paid

Describes individuals or positions that receive a salary significantly above the average wage.

Social Causes

Underlying societal factors that lead to specific outcomes, including behaviors, phenomena, or health issues.

Exposure

It refers to the state of being subjected to something, such as an environmental condition or influence.