menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 5: Foundations of Financial Reporting and the Classified Balance Sheet
  5. Question
    Consistency in Accounting Means That a Company Uses the Same
Solved

Consistency in Accounting Means That a Company Uses the Same

Question 108

Question 108

True/False

Consistency in accounting means that a company uses the same generally accepted accounting principles from one accounting period to the next accounting period.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q103: The convention of consistency refers to consistent

Q104: To understand accounting information,users must be familiar

Q105: Which accounting term does not mean the

Q106: Use this information to answer the following

Q107: For accounting information to be useful,it must

Q109: Use this information to answer the following

Q110: A practical decision to expense a $120

Q111: The normal operating cycle helps define which

Q112: The relevance of accounting information means that

Q113: A company with a profit margin of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines