Which of the Following Characteristics Does Not Apply to Accounting

Multiple Choice

Which of the following characteristics does not apply to accounting practices and procedures in the U.S. prior to 1930?

A) They were applied uniformly among companies.
B) They were considered confidential by the companies applying them.
C) They met the needs of creditors to a greater extent than they met the needs of shareholders.
D) They emphasized the disclosure of cash and near-cash resources.