Business, 12.02.2020 03:59 hehefjf803

Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. The company's independent accountants did not protest when, contrary to GAAP, the company recorded bad debt expense only when specific accounts were determined to be uncollectible, rather than use an allowance for uncollectilble accounts. The concept demonstrated is:

a. Comparability
b. Faithful representation
c. Materiality
d. Consistency

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Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses fro...