Answered: Which accounting concept requires…

Which accounting concept requires consistency in the application of accounting methods over time? A) Going Concern ConceptB) Consistency ConceptC) Prudence ConceptD) Business Entity Conceptneed help

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter2: Financial Reporting: Its Conceptual Framework

Section: Chapter Questions

Problem 15GI

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Question

Which accounting concept requires consistency in the application of accounting methods over time?

A) Going Concern Concept
B) Consistency Concept
C) Prudence Concept
D) Business Entity Concept
need help

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