A company follows the qualitative characteristic of consistency.Which of the following is this evident in?
A) For expenses, the company uses the same account names as used by its competitors.
B) The company has elected certain accounting principles that can never be changed.
C) The company applies the same accounting principles each period.
D) The company applies the same accounting principles as its competitors.
Correct Answer:
Verified
Q139: Which of the following statements is NOT
Q140: Which of these underlying assumptions for the
Q141: Which of the following is NOT an
Q142: During March,Honeybaked Spam purchased supplies for cash.The
Q143: Which of the following statements is NOT
Q145: Machinery is purchased on credit.What effect does
Q146: A novelties company makes cash sales to
Q147: Which of the following is an internal
Q148: High Point Furniture Company manufactures furniture.The company
Q149: A company provided services to customers and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents