loshniegovender loshniegovender
  • 04-02-2021
  • Business
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The Conservatism Concept directs an entity to consider recognizing a liability
when it is

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Ex0t1c Ex0t1c
  • 04-02-2021

Explanation:

The theory of conservatism is the general idea of acknowledging losses and liabilities as soon as possible when the result is unpredictable, yet only recognizing profits and assets when they are guaranteed to be earned.

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