Accounting type Question: What is the underlying concept that support the immediate recognition of an estimated loss?

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Accounting type Question:

What is the underlying concept that support the immediate recognition of an estimated loss?

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Substance over form

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Consistency

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Matching

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Prudence

Related Book For answer-question

Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Posted Date: Feb 09, 2024 06:59 AM

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Accounting type Question: What is the underlying concept that support the immediate recognition of an estimated loss?

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Financial Reporting and Analysis Using Financial Accounting Information

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