The Principle of Consistency States That

question 94

Multiple Choice

The principle of consistency states that:

• A)Companies are prohibited from ever changing their accounting methods.
• B)Every company in the same industry must use the same accounting principle.
• C)There must be a consistent blend to the accounting principles.
• D)If changes in accounting principles are made,the reasons for the change and the effects on the company's net income must be disclosed.

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Definitions:

Unconditional Positive Regard

A term used in client-centered therapy to describe a therapist's acceptance and support of a client, regardless of what the client says or does.

Projective Tests

These are psychological assessment tools where individuals respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.

Deliberate Deception

Intentional conduct designed to mislead or deceive someone, often to gain an advantage or to avoid an obligation.

Substantial Evidence

Evidence that is adequate to support a conclusion or justify a decision, often used in legal and regulatory contexts to indicate a reasonable level of proof.