To present fairly in conformity with generally accepted


Question: To present fairly in conformity with generally accepted accounting principles the financial statements must:

A. Be consistently applied.

B. Inform users of all matters that could materially affect a decision.

C. Reflect transactions and events within a range of reasonable limits.

D. Be considered preferable to the users of those financial statements.

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Accounting Basics: To present fairly in conformity with generally accepted
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