The Conservatism Principle

question 109

Multiple Choice

The conservatism principle

• A) is primarily concerned with correctly valuing a business's assets.
• B) matches assets and liabilities.
• C) requires accountants to choose the accounting treatment that minimizes net income.
• D) is concerned with matching expenses with revenues.

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Definitions:

Nonsteroidal Antiinflammatory Drugs

A class of drugs that reduce pain, decrease fever, prevent blood clots, and in higher doses, decrease inflammation.

Gastric Residual Volume

The amount of content remaining in the stomach after a period of digestion, important in assessing gastrointestinal motility and feeding tolerance.

Enteral Feeding

A method of nutritional support where a special diet is delivered directly into the stomach or small intestine, usually through a tube.

Elevate Head

A positioning technique where the head of a bed or patient is raised, typically to improve breathing or digestion.