The accounting principle that guides accountants, when faced with a recognition dilemma, to choose the alternative that produces the lowest net income is referred to as
A. the matching concept.
B. internal control.
C.conservatism.
D. materiality.
Answer:C
The accounting principle that guides accountants, when faced with a recognition dilemma, to choose the alternative that produces the lowest net income is referred to as
A. the matching concept. B. internal control. C.conservatism. D. materiality.