To present fairly in conformity with generally accepted accounting principles the financial statements should:
A)Be consistently applied.
B)Inform users of all matters that could materially affect a decision.
C)Reflect transactions and events within a range of reasonable limits.
D)Be considered preferable to the users of those financial statements.

Question

Quizplus · Accepted Answer

The Answer of To present fairly in conformity with generally accepted accounting principles the financial statements should:
A)Be consistently applied.
B)Inform users of all matters that could materially affect a decision.
C)Reflect transactions and events within a range of reasonable limits.
D)Be considered preferable to the users of those financial statements.

To Present Fairly in Conformity with Generally Accepted Accounting Principles