The consistency concept, The consistency concept:

The consistency concept

Assignment Help Financial Accounting

Reference no: EM13748815

The consistency concept:

A) Requires a company to consistently use the same accounting method of inventory valuation unless a change will improve financial reporting.

b) Requires a company to use one method of inventory valuation exclusively.

C) Requires that all companies in the same industry use the same accounting methods of inventory valuation.

D) Is also called the full disclosure concept.

E) Is also called the matching concept.

Reference no: EM13748815

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