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  3. Study Set
    Financial Accounting Study Set 6
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    Exam 6: Inventory and Cost of Goods Sold
  5. Question
    The Accounting Principle That States That a Business Should Use
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The Accounting Principle That States That a Business Should Use

Question 1

Question 1

Multiple Choice

The accounting principle that states that a business should use the same accounting methods and procedures from period to period is the:


A) consistency principle.
B) historical cost principle.
C) disclosure principle.
D) conservatism principle.

Correct Answer:

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