points) A company using the same accounting principles from year to year is an application of timeliness. consistency. full disclosure. materiality. Question 21 (Mandatory) (2.5 points) Different companies using the same accounting principles is an application of consistency. materiality. full disclosure. comparability. Question 22 (Mandatory) (2.5 points) The concept that a business has a reasonable expectation of remaining in business for the foreseeable future is called the economic entity assumption. monetary unit assumption. periodicity assumption. going concern assumption