Why the materiality principle requires a unifying standard

Reference no: EM131529464

Question: 1. Sterling called conservatism, "the fundamental valuation principle of accounting." List and briefly discuss as man areas savor can in which I I I an accepted method Of technique is conservative, including why it is conservative.

2. Why do you think securities markets more rapidly reflect "bad news" than "good news "?

3. Carefully state why the materiality principle requires a unifying standard or guideline.

Reference no: EM131529464

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