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Madden Company Applies the Consistency Convention

Question 155

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Madden Company applies the consistency convention.What does this mean?


A) Madden Co.uses the same names for all its expenses as its competitors.
B) Madden Co.has selected certain accounting principles that can never be changed.
C) Madden Co.applies the same accounting principles each accounting period.
D) Madden Co.applies the same accounting principles as it competitors.

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