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Match the Following Terms with the Appropriate Definition

Question 72

Multiple Choice

Match the following terms with the appropriate definition.
-The accounting principle that a company use the same accounting methods period after period so that the financial statements of succeeding periods will be comparable.


A) Gross profit method
B) Inventory turnover
C) Conservatism principle
D) Consistency concept
E) Consignor
F) Consignee
G) Days' sales in inventory
H) Retail inventory method
I) Specific identification method
J) Lower of cost or market

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