Which of the following concepts was referred to as a convention in SFAC No. 2?

a. Consistency
b. Materiality
c. Comparability
d. Conservatism


ANSWER: D

Business

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Indicate whether the statement is true or false

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a. Specific, Manageable, Active, Agreed Upon, Reasonable, and Time-Oriented b. Specific, Maintenance-free, Active, Agreed Upon, Realistic, and Time-Oriented c. Specific, Measurable, Attainable, Agreed Upon, Realistic, and Time-Oriented d. Specific, Measurable, Active, Agreed Upon, Reasonable, and Time-Limited

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A) 8 B) 16 C) 24 D) We cannot say.

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