The conservatism concept therefore has two parts: 1. Recognize increases in equity only when they are reasonably

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The conservatism concept therefore has two parts:

1. Recognize increases in equity only when they are reasonably

[certain / possible].

2. Recognize decreases in equity as soon as they are reasonably

[certain / possible].

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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