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Accountants might recognize losses but not gains in certain situations. For example, the company might write-down the cost of inventory, but will not write-up the
Accountants might recognize losses but not gains in certain situations. For example, the company might write-down the cost of inventory, but will not write-up the cost of inventory. Which principle/guideline is associated with this action?
a | Conservatism (Prudence) |
b | Materiality |
c | Monetary Unit |
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