Which One of the Following Statements Best Describes the Concept

Multiple Choice

Which one of the following statements best describes the concept of consistency?

A) When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred.
B) Accounting numbers are consistently market value.
C) Different firms use identical accounting measurement methods for similar events.
D) Similar events are measured using identical accounting procedures from period to period.