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Which of the following is not an example of applying conservatism in accounting? Multiple Choice Using the lower of cost and net realizable value for

Which of the following is not an example of applying conservatism in accounting?

Multiple Choice

Using the lower of cost and net realizable value for inventory accounting.

Expensing all research and development costs as they are incurred.

Increasing the useful life used in calculating depreciation

Reporting contingent losses that are probable.

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