While generally accepted accounting principles do allow flexibility,standards of _________,________,and ________ must always prevail in the financial statements.
A)subjectivity; integrity; validation
B)objectivity; integrity; judgment
C)recording; reporting; accounting
D)quality; excellence; and judgment

Question

Quizplus · Accepted Answer

Generally accepted accounting principles do allow for some degree of flexibility in accounting practices, but standards of objectivity, integrity, and professional judgment must always be observed. This helps to ensure that financial statements accurately and fairly represent a company's financial position, performance, and cash flows. Other choices such as subjectivity, validation, recording, reporting, quality, or excellence may be important factors in accounting, but they are not the primary principles that must be upheld in financial statements.

While Generally Accepted Accounting Principles Do Allow Flexibility,standards of _________,________,And

While Generally Accepted Accounting Principles Do Allow Flexibility,standards of _,,And