Suzy Products is a publicly held corporation. As part of the company's recent cost saving strategies, the

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Question:

Suzy Products is a publicly held corporation. As part of the company's recent cost saving strategies, the accountant decided to have the financial statements prepared annually instead of quarterly. Which characteristic or principle is violated if any?

a. The Conservatism Principle

b. Timeliness

c. The company does not violate any principles or characteristics.

d. Reliability