Understating expenses is justified based on:
A) time period assumption
B) conservatism assumption
C) materiality assumption
D) matching assumption
E) none of the answers are correct

Name: Understating expenses is justified based on: A) time period assumption B) conservatism assumption C) materiality assumption D) matching assumption E) none of the answers are correct
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Question

Quizplus · Accepted Answer

Understating expenses is not justified by any accounting principle or assumption, as it would lead to inaccurate financial reporting.

Understating Expenses Is Justified Based On