Which of the Following Requires That Financial Statements Should Report

question 155

Multiple Choice

Which of the following requires that financial statements should report the least favorable figures?

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

---

Definitions:

Social Media

Platforms and websites that facilitate interactive and social communication among users, enabling sharing of content and ideas.

Stakeholders

Individuals or groups with an interest in or affected by the outcomes of a particular project, decision, or strategy.

Businesses

Organizations or enterprises engaged in commercial, industrial, or professional activities, aiming to earn profits.

Main Idea

The central or most important point that a piece of writing or communication is intended to convey.