Multiple Choice
The principle of consistency states that:
A) companies should choose a set of accounting methods and use them from one period to the next.
B) once a company selects an accounting method, it must use that method throughout the company's entire existence.
C) a company may change any accounting method, provided the SEC approves the change.
D) companies should elect to use methods that consistently inflate profits.
Correct Answer:
Verified
Correct Answer:
Verified
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