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Erin Company Applies the Same Accounting Treatment to Similar Events

Question 72

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Erin Company applies the same accounting treatment to similar events from period to period.Erin Company is exhibiting which of the following qualities as described by the International Accounting Standards Board's (IASB's) Conceptual Framework?


A) Verifiability.
B) Consistency.
C) Predictive value.
D) All of the choices are correct.
S<\sup>88.According to the IASB Conceptual Framework, the elements<\font>assets, liabilities, and equity<\font>describe amounts of resources and claims to resources at\during a
Erin Company applies the same accounting treatment to similar events from period to period.Erin Company is exhibiting which of the following qualities as described by the International Accounting Standards Board's (IASB's)  Conceptual Framework? A) Verifiability. B) Consistency. C) Predictive value. D) All of the choices are correct. <sup>S<\sup>88.According to the IASB Conceptual Framework, the elements<font face= symbol ><\font>assets, liabilities, and equity<font face= symbol ><\font>describe amounts of resources and claims to resources at\during a

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