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Financial information exhibits the characteristic of consistency when: a. a company applies the same accounting treatment to similar events, from period to period. Ob.
Financial information exhibits the characteristic of consistency when: a. a company applies the same accounting treatment to similar events, from period to period. Ob. accounting procedures are adopted which give a consistent rate of net income. Oc. extraordinary gains and losses are not included on the income statement. Od. expenses are reported as charges against revenue in the period in which they are paid.
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