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Conservatism is which of the following? A. the requirement that if an asset's value falls over time it will continue to be reported at its
Conservatism is which of the following?
A. the requirement that if an asset's value falls over time it will continue to be reported at its original cost.
B. the requirement that when faced with uncertainty about the numbers to report, accountants must use the least optimistic measure.
C. the requirement that businesses should intentionally understate assets.
D.the requirement that businesses should intentionally overstate liabilities.
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