Question
The notion that when doubt exists concerning two or more reporting alternatives, users should select that alternative with the least favorable impact on reported income,
The notion that when doubt exists concerning two or more reporting alternatives, users should select that alternative with the least favorable impact on reported income, assets, and liabilities is referred to as
A. Materiality
B. Conservatism
C. Comparability
D. Relevance
Explanation:
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
