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    Financial Accounting Information for Decisions
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    Exam 5: Reporting and Analyzing Inventories
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    The Conservatism Constraint Requires That When More Than One Estimate
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The Conservatism Constraint Requires That When More Than One Estimate

Question 153

Question 153

True/False

The conservatism constraint requires that when more than one estimate of the amounts that are to be received or paid in the future exist and these estimates are about equally likely,then the less optimistic amount is used.

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