An accounting principle that calls for the use of the same method of inventory cost...

90.2K

Verified Solution

Question

Accounting

An accounting principle that calls for the use of the same method of inventory cost flow assumption from year to year, with full disclosure of the effects of any change in cost flow assumption, is known as Select one: a. Conservatism. b. Materiality. c. Consistency. d. Revenue Recognition.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students