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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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