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According to the principle of Conservatism, it is defined that when There are many ways to determine accounting results (all equally acceptable) the method that
According to the principle of Conservatism, it is defined that when There are many ways to determine accounting results (all equally acceptable) the method that has the least favorable effect on net profit and assets should be chosen. Give two examples of the choice of accounting practices and then document how the principle of Conservatism protects the Shareholders and financiers of an entity
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