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Business, 02.09.2019 21:10 coltbergstrom

Match the items.
a. a business should report the least favorable figures in the financial statements when two or more possible options are presented
b. a business's financial statements must report enough information for outsiders to make knowledgeable decisions about a company
c. a company must perform strictly proper accounting only for items that are significant to the business's financial situation
d. a business should use the same accounting methods and procedures from period to period
1. conservatism
2. disclosure principle
3. consistency principle
4. materiality concept

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Answers: 2

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Match the items.
a. a business should report the least favorable figures in the financial stat...

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