Question: Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or

Accounting policies and practices that are most important to the portrayal of the company’s financial condition and results, and require management’s most difficult, subjective, or complex judgments are called:

a. Critical accounting policies and practices.

b. Critical accounting estimates.

c. Significant accounting policies and practices.

d. Material contingencies.

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Question: Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or

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