Question: Conservatism means: a ) not underestimating asset values, when faced with uncertainty about the value of assets and liabilities. b ) using the most optimistic

Conservatism means:
a)not underestimating asset values, when faced with uncertainty about the value of assets and liabilities.
b)using the most optimistic measurement when faced with uncertainty about the value of assets and liabilities.
c)not overestimating liabilities, when faced with the uncertainty about the value of assets and liabilities.
d)using the least optimistic measurement when faced with uncertainty about the value of assets and liabilities.

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