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    Financial Accounting Study Set 5
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    Exam 5: Financial Reporting and Analysis
  5. Question
    Which Accounting Convention Describes a Note to the Financial Statements
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Which Accounting Convention Describes a Note to the Financial Statements

Question 144

Question 144

Multiple Choice

Which accounting convention describes a note to the financial statements explaining the company's method of revenue recognition?


A) Comparability and consistency
B) Materiality
C) Conservatism
D) Full disclosure

Correct Answer:

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