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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 43: Fundamentals of Accounting: Objectives, Concepts, and Principles
  5. Question
    The Concept of Conservatism Ensures That the Reported Profit Is
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The Concept of Conservatism Ensures That the Reported Profit Is

Question 10

Question 10

Multiple Choice

The concept of conservatism ensures that the reported profit is not:


A) Under stated
B) Overstated
C) Neutral
D) Negative

Correct Answer:

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