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

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Definitions:

Progressive Era

A period in the United States from the 1890s to the 1920s characterized by social activism and political reform aimed at addressing issues stemming from industrialization and urbanization.

Cigarette Smoking

The act of inhaling and exhaling the smoke produced by burning tobacco in a rolled paper.

16 States

Often refers to the number of states in a particular union or federation at a given time; the specific grouping can depend on historical context.

Southern Lynching

Extrajudicial killings, predominantly of African Americans, by hanging, historically prevalent in the Southern United States.