The accounting principle that guides accountants, when faced with a recognition dilemma, to choose the alternative that produces the lowest net income is referred to as
A)the matching principle.
B)internal control.
C)conservatism.
D)materiality.

Question

Quizplus · Accepted Answer

Conservatism guides companies to choose accounting methods that avoid overstating revenues and understating expenses.

The Accounting Principle That Guides Accountants, When Faced with a Recognition