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The convention of prudence, also known as the principle of conservatism, is an accounting principle that requires businesses to err on the side of caution when recording financial information. This means that businesses should not overstate assets or profits, and should instead take a conservative approach by understating assets and profits. When applied to the balance sheet, the convention of prudence results in the understatement of assets and the overstatement of liabilities. This is because businesses are required to record assets at their historical cost, even if the fair value of the assets has increased. Additionally, businesses are required to record liabilities at their present value, even if the future cash flows associated with the liabilities are uncertain
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Choose the antonym of the word PRAGMATISM
Select the option that expresses the given sentence in reported speech.
Mary said to her mother, "I will study hard to pass the exam,"
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Choose the grammatically correct sentence.
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The authorities are planning to lift restrictions on the movement of people in the Vall...
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What is the comparative form of 'good'?
