The aounts reflected in the statement of financial position do not reflect the liquadation value of the assets. Which of the following concepts is this applicable to?   A. Consistency B Materiality C Conservatism D Going-concern

Financial Reporting, Financial Statement Analysis and Valuation
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Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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Chapter2: Asset And Liability Valuation And Income Recognition
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Problem 2QE: Asset Valuation and Income Recognition. Asset valuation and recognition of net income closely...
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The aounts reflected in the statement of financial position do not reflect the liquadation value of the assets. Which of the following concepts is this applicable to?

 

A. Consistency

B Materiality

C Conservatism

D Going-concern

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