When a Change in Accounting Principle Is Reported, What Is

question 44

Multiple Choice

When a change in accounting principle is reported, what is sometimes sacrificed?

• A)Relevance.
• B)Consistency.
• C)Conservatism.
• D)Reliability.

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Definitions:

Igneous Feature

Geological structures formed from the cooling and solidification of magma or lava, such as volcanoes or intrusive rock formations.

Volcanic Neck

A steep, typically butte-shaped topographic feature composed of volcanic materials that formed in the conduit within or beneath a volcanic vent and that were more resistant to erosion than surrounding materials.

Batholith

A large mass of intrusive igneous rock, often granite, that has crystallized deep in the Earth's crust.

Oceanic Settings

Environmental conditions pertaining to the ocean, including its physical, chemical, and biological characteristics.