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Which is an application of? conservatism

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Reference no: EM132838437

Problem 1: Which of the following is an application of? conservatism?

Option 1: reporting inventory at the lower of cost or market

Option 2: reporting all relevant information in the financial statements

Option 3: reporting only material amounts in the financial statements

Option 4: using the same depreciation method from period to period

Reference no: EM132838437

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