The Basic Accounting Concept That Refers to the Tendency of Accountants

question 2

Multiple Choice

The basic accounting concept that refers to the tendency of accountants to resolve uncertainty in favor of understating assets and revenues and overstating liabilities and expenses is known as

• A) the doctrine of conservatism.
• B) the materiality constraint.
• C) the substance over form principle.
• D) the industry practices constraint.

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Definitions:

Lung Ventilation Scan

A diagnostic imaging test that measures airflow and blood flow in the lungs, often using radioactive materials to view the organ's function.

Inhalation

Inhalation is the process of breathing in air or other gases, including the intake of substances such as medications delivered via the respiratory tract.

Radioactive Gas

A type of gas that emits radiation as a result of the decay of radioactive elements; radon is a well-known example of such a gas.

Chronic Pulmonary Histoplasmosis

A long-term lung infection caused by the fungus Histoplasma capsulatum, which can result in respiratory symptoms and requires medical treatment.