Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?
A) conservatism
B) materiality concept
C) disclosure principle
D) consistency principle
B
You might also like to view...
There are many ways to determine how competent you are as a nonverbal communicator. Please share two ideas you find in the book, and explain one in detail.
What will be an ideal response?
In a job cost system, when all necessary costs are accumulated in the work in process inventory account, the costs are then transferred to the cost of goods sold account
Indicate whether the statement is true or false
Which is the better approach to diversification-a strategy of related diversification or a strategy of unrelated diversification? Explain and support your answer.
What will be an ideal response?
The work description "Supervised the successful installation of a new wireless networking system" is appropriate for a résumé because it
A) subordinates a previous work achievement. B) shows that the candidate is innovative and reliable. C) is concrete and indicates a specific accomplishment. D) uses action verbs that recruiters seek as keywords.