Multiple Choice
The accounting convention of ________ means selecting the method of measurement that provides the most pessimistic immediate results.
A) cost benefit
B) objectivity
C) materiality
D) conservatism
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q106: Economic resources that a company owns and
Q107: The adjusting entry that recognizes revenue earned
Q108: Any event that affects the financial position
Q109: Uptown Company purchases $4,000 of inventory on
Q110: Yesterday Company's accountant recorded a debit to
Q112: On April 1,2012,Company X lends $200,000 to
Q113: For nonprofit organizations,the stockholders' equity section of
Q114: Arizona Company has the following information
Q115: Information is relevant if it has _
Q116: The main qualities of accounting information that