The conservatism principle
A) is primarily concerned with correctly valuing a business's assets.
B) matches assets and liabilities.
C) requires accountants to choose the accounting treatment that minimizes net income.
D) is concerned with matching expenses with revenues.

Question

Quizplus · Accepted Answer

The conservatism principle requires accountants to choose the accounting treatment that is least likely to overstate assets and income, thus minimizing net income when uncertainty exists.

The Conservatism Principle