Question : 11.Uncertainty and risks inherent in business situations should be adequately : 1242769
11.Uncertainty and risks inherent in business situations should be adequately considered in financial reporting. This statement is an example of the concept of a.Conservatism b.Completeness c.Neutrality d.Representational faithfulness 12.Determining periodic earnings and financial position depends on measuring economic resources and obligations and changes in them as these changes occur. This explanation pertains to a.Disclosure b.Accrual accounting c.Materiality d.The matching concept 13.Under what condition is […]