The conservatism convention should not be used when the accountant is certain of a particular measure.
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Q14: Even when no errors have been made,accounting
Q15: Full disclosure of all important facts aids
Q16: The convention of consistency pertains to the
Q18: Investors and creditors use financial statements to
Q19: In practice,accounting information is quite simple and
Q20: Only the chief financial officer and the
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Q22: General-purpose external financial statements that are divided
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