The Accounting Convention That Is Most Responsible for the Increase

question 42

Multiple Choice

The accounting convention that is most responsible for the increase in the number of notes to financial statements is

• A)materiality.
• B)full disclosure.
• C)consistency.
• D)conservatism.

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Definitions:

PLC

A Programmable Logic Controller is a ruggedized digital computer used for the automation of various electromechanical processes, such as control of machinery on factory assembly lines.

Programming Device

A tool or equipment used to program the firmware or software of electronic devices, often used in manufacturing, development, or maintenance.

Unions

Organizations formed by workers to represent their interests, negotiate with employers over wages, benefits, and working conditions, and advocate for workers' rights.

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising numerous countries, cultures, and languages.