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    Financial Accounting
  4. Exam
    Exam 43: Fundamentals of Accounting: Objectives, Concepts, and Principles
  5. Question
    The Convention of Conservatism Takes into Account
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The Convention of Conservatism Takes into Account

Question 86

Question 86

Multiple Choice

The Convention of Conservatism takes into account


A) All prospective profits and prospective losses.
B) All prospective profits and leaves out prospective losses.
C) All prospective losses but leaves out prospective profit.
D) None of these.

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