Which of the following items is not a modifying convention?
A) Matching
B) Materiality
C) Industry practices
D) Conservatism
Correct Answer:
Verified
Q24: The assumed continuation of a business entity
Q25: A conceptual framework of accounting should
A) lead
Q26: The primary current source of generally accepted
Q27: The International Accounting Standards Board was formed
Q28: The primary purpose of the Securities and
Q30: Accounting standards help accountants meet the information
Q31: Generally accepted accounting principles
A) are accounting adaptations
Q32: The _ of a firm is primarily
Q33: Accountants prepare financial statements at arbitrary points
Q34: The Governmental Accounting Standards Board
A) was incorporated
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