Which of the Following Accounting Conventions Would an Accountant Most

question 139

Multiple Choice

Which of the following accounting conventions would an accountant most likely apply when facing major uncertainties?

• A) Full disclosure
• B) Conservatism
• C) Materiality
• D) Consistency

---

Definitions:

Declarative Memory

A component of long-term memory that stores facts and information, accessible to conscious thought.

High School

An educational institution for adolescents that typically encompasses grades 9 through 12 in the United States, or equivalent levels in other countries, providing secondary education.

Multiple Causes

A principle acknowledging that outcomes often have more than one cause, highlighting the complexity of determining singular explanations for events or phenomena.

Level of Processing

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.