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Each of the statements below is justified by a concept or convention of accounting. Select the option that corresponds with the concept or convention involved.
Each of the statements below is justified by a concept or convention of accounting. Select the option that corresponds with the concept or convention involved. A company does not change accounting methods or A. Conservatism estimates from year to year. B. Matching The cost of a company vehicle is expensed over the six C. Materiality years it will be used. la company does its best not to overstate its assets or D. Full-disclosure income. E. Consistency All amounts in the financial statements are rounded to the nearest dollar. v Important information is contained in the notes to the financial statements
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