A Company Follows the Qualitative Characteristic of Consistency

question 26

Multiple Choice

A company follows the qualitative characteristic of consistency.Which of the following is this evident in?

• A) For expenses, the company uses the same account names as used by its competitors.
• B) The company has elected certain accounting principles that can never be changed.
• C) The company applies the same accounting principles each period.
• D) The company applies the same accounting principles as its competitors.

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Definitions:

Blogs

Regularly updated websites or web pages, typically run by an individual or a small group, that are written in an informal or conversational style, often focused on a specific subject.

Dynamic Content

Online or digital content that changes based on the interests, preferences, or past behavior of the viewer.

Blog

A regularly updated website or web page, typically run by an individual or small group, that is written in an informal or conversational style and focuses on a specific subject or theme.

Anonymity

The state of being anonymous, where an individual's identity is unknown or concealed.