Financial information exhibits the characteristic of consistency when: a. expenses are reported as charges against revenue in
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Question:
Financial information exhibits the characteristic of consistency when:
a. expenses are reported as charges against revenue in the period in which they are paid.
b. accounting entities give accountable events the same accounting treatment from period to period.
c. extraordinary gains and losses are not included on the income statement.
d. accounting procedures are adopted which give a consistent rate of net income.
Related Book For
Systems Analysis and Design
ISBN: 978-1133274636
9th Edition
Authors: Shelly Cashman, Gary B. Shelly and Harry J. Rosenblatt
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